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The auditors don't think it is viable. The financing is just short term and delays the inevitable. Bankruptcy in whatever form it takes will re-structure the company. The share holders won’t get much if anything.
Kapoor put up an additional $5 million of his own money.He would not send good money after bad if he thought bankruptcy was inevitable.800,000+ shares traded today which has to be institutional and raised stock 13%.No offense Max but I think they know more than you.