Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Financing Happening?

This statement below was not included in the past few financial reportings (page 21)....unfortunate in these market conditions the need for money and perhaps why the stock price is acting the way it is?

 

The Company has prepared a cash flow forecast which indicates that it does not have sufficient cash to meet its minimum expenditure commitments and therefore needs to raise additional funds to continue as a going concern. As a result, there is substantial doubt about the Company's ability to continue as a going concern for the next twelve months from the date of these condensed unaudited consolidated financial statements. 

 

The better question is, what changed? I thought they didn't need to raise funds?

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