Aug. 18 at 6:13 PM
$IPSI So putting everything together—
$0 revenue,
$48 cash, going-concern warning, enormous convertible liabilities, ~1 billion shares, little evidence of a sales organization, partnerships that haven’t yet produced reported revenue, and only a few thousand dollars of daily trading—I would characterize IPSI today as a very distressed microcap, rather than simply saying the market is waiting for proof.