ACTELIS NETWORKS INC

Analysis for Ticker: ASNS

Actelis Networks Inc provides cyber hardened networking equipment to connect machines and build smart cities. While they tell investors they are building a safe digital future, the raw math shows a business with a 49,8$ million accumulated deficit that only stays alive by selling pieces of itself to insiders at massive discounts. The managers are busy printing free shares for themselves while the company burns through cash twice as fast as it earns revenue. If you are a passenger on a ship where the captain is giving away the lifeboats for free while the hull is splitting open, the internal math tells you exactly how much time is left before you are swimming in the dark.