Imagine receiving $8M and being asked to sell a product. How much would you sell?
OK. So let's try with lemonade stand business.
You pay $80/day a team of 2 kids to sell lemonade with cost of material $20, total $100/day.
Let's say, very very conservatively, during the day, kids can sell 1 lemonade every 30 min, and
lemonade costing $1.
8 hours a day would yield $16. For those $8M that would be $1.28M in sales!!!
On this extremely simple example, we can see the sheer ineptness of ACUR management.
$8M burned in 2 quarters, and only $39,000 in sales!!!
Not even 7-years old selling lemonade would be able to do this poorly.