Again it seems the managment of this company is blowing smoke up everybodies #$%$. What a Joke. I can see it Now, " hey Mr Banker, Would you please give us a line of credit? Sorry Augt, We do not lend money to companies that cant get there stock price above $1 much less 40 cents.
I have always doubted that a bank would be the lender. But there are private firms that all they do is A/R IT DOES NOT COME CHEAP but if the A/R is assigned to them as a receivable they will do the deal for about 4% per invoice. (NO THIS IS NOT 4% APR) It is a note discount. I came from an industry that every seller was broke, but they could always do a deal with this type of company.
I think AUGT needs some good strong advisers.
Maybe the BOD needs an advisory board? I have done this in the past, works out well.