Stock now at 3.5 cents, so continuing a downward trend. (A great time to buy if you like high risk). Yes, I believe the CFO was a defection and likely to see others before it is over. The NanoClear holds great promise, however it has been touted repeatedly by the company over the years, including the multiple Chinese opportunities. So I would question whether it is real and cost effective. Seems like they can make it only work for demos.
Looks like a new board member was added. Seems like he bought a place there with prior investment, so should be interesting. Maybe he can help turn it around. Still doubtful.
Will be interesting to see if the deal consumates itself. Past deals have fallen apart with Dais picking up some change in the process (this time it is only $50K), but placing a $0.04/share valuation on a capital raise is pretty bleak I agree, especially given where they have been the past couple of years. Given they are also issuing 3+ million to a broker, makes it even worse. Haven't done the math, but they should be getting close to the 100 million share total issue. Then they get into the preferred which will make it more difficult for the common stock holders. Unfortunately, the fundamentals aren't there, and without that, you are left with the personnel, which with the same management having run the company for over 10 years, is not a good bet given the track record.