Strong Balance Sheet

This penny stock has over $70M in cash, minimal debt. with a burn rate of about $800k/ quarter. They have recently raised $50M through two $28M convertible note purchase agreements. The stock is being heavily shorted with an 11% short interest ratio, 82M O/S, 25M FF. The stock needs to break above the neck line with heavy volume backed by some news. The launch of their AR Hololens Pro would be idealistic, a contract with another EV maker in China would be explosive or even signing a prominent game maker would take the stock higher. Fingers crossed! Any penny stock with that much cash on hand warrants a higher multiple. NOT FINANCIAL ADVICE!