As the cash is used to pay the salaries, look for the stock price to sink further.
How will they continue to function as a firm, when the money runs out. will they do a secondary offering and try to raise $10,000,000 to fund those salaries another 2 years. LMAO. Shorts will never have to cover!
We believe that our cash and investment resources of $23.1 million on hand at December 31, 2012, as well as the $26 million of net proceeds the
Company collectively received thus far in the first quarter of 2013 from warrant exercises, the non-refundable payment from Hisun under the
technology development agreement, the ATM Agreement and the Preferred Stock Offering, is sufficient to fund operations through