There has been news that Ignite is currently undergoing financial turmoil this 2020. A recent report from its Board of Directors indicates:
“Although the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms that are acceptable to the Company. The uncertainty of the Company’s ability to achieve profitable operations and its success in raising additional capital funding may cast significant doubt on the Company’s ability to continue as a going concern.”
Is Bilzerian right? Is this just a phase for Ignite? Only time will tell.
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