Hindsight being what it is, a CR (sufficient enough to cover...

Hindsight being what it is, a CR (sufficient enough to cover testing, approvals etc) should have happened 2 years ago when price was sitting north of 10c. Unfortunately, timing, and lack of foresight has resulted in chump like activity in CR space, which as Rony18 has pointed out, leaves low cash levels and little appetite from investors.

Likelihood is that they will keep 'loaning' money to keep it running and seek payment once it's selling product.