They have to july 13th to be over 1$ then they will be delisted- you can submit a plan but its usually a reverse split plan. the plan is not we are hoping to do a better.
How about 2.5 million net equity- Looks like the company will be under that next quarter? have you seen the trend in net equity of this company ?ha
i hope it goes higher for you but i would look at a trade-lets be realistic the company took on 5 million in debt to fund a business that looks bad plus you have high delisting-reverse split risk. i would be upbeat if they brought in a new CEO-moore has zero credibility- sold all their money losing assets and kept DSI . Gridsense is a money losing joke for years.
you can look at all his past transcripts from past calls and he has zero clue about about making future predictions. that's a fact. Also, their high probability the company gets delisted or does a reverse split this year.
with fund holding
Looks like the will borrow 5 million debt to fund operations. Very risky if they are still losing money outside DSI in the next year.
with the Gridsense news in my view. They will have to do another pipe dilution deal, sell assets, or raise money from debt in my view to keep going? we'll see.