Annual advertising spend $2 million. Sales revenue $68,000. Would rather these numbers were the other way around as if this keeps going we will need another CR in a year's time. Where did $2 million go on advertising? That is a lot of money.. which adds significantly to the cash burn rate. cents thinking it couldn't go much lower after last CR. I bought at 1 cent thinking it couldn't go lower. Now I am buying at 0.8 of a cent and thinking it cant go any lower and it already did!
ALT Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held