Glad co fixed number issue...
Back operating math here. I recall us talking about them not taking 200k piece but for sake of discussion let's run numbers worst case scenario.
Ok per s1 have 3 mill on books...based on below borrowed rough even million jdf auth max 1.5. Ok by December they want $ plus 10 percent so rounding up 1.4, 600k expected contingencies meet conditions, 500k to hold land, 100k settling recent lawsuit,600k salaries top dogs. That right there equals. 3.1 million now I sincerely doubt co allow themselves miss on budget by 100k while taking 200k year salary.
Conclusion this co is reasonably and very close to meeting their budget expectations by Aug 15. I'm holding
The initial round of funding in the amount of $555,000 was completed on June 9, 2014. The second round of funding in the amount of $330,000 is due within 15 days of the effectiveness of a registration statement, which must be filed within 60 days from the closing date. Also included in the financing are two warrants with an exercise price of $0.04 and $0.05, expiring in 3 months and 5 months, respectively, after the registration statement becomes effective and which can each raise the Company an additional $350,000.
