Quote Originally Posted by JeremyALD View Post
Not sure how they would raise equity when the whole company is worth $18m and they owe $55m. It would completely destroy equity of existing holders who couldn't participate.
IMHO I think any and all investors should go back and read and reread the prospectus of its relaunch, the writing was on the wall then, Im surprised that it has taken this long for this to become evident !!