Friday, September 23, 2016 7:55:36 PM
Steve Kleen said the 3 billion increase was a favor to us, to increase what they need to do on our behalf; that he commended them on their foresight. He said one reason he bought in was the strength of management, and that reason remains.
GC: the "kitty grows and grows". The issuance of cash gets difficult (complex process), but we will do it. Anytime you get to 100 million in cash, you are a micro cap, and he intimated we are going there.
GC: regarding the board we are on, eg. Pink sheet board : we are finally going to get cash to be where we need to be, but no timelines. We are preparing for the future. The 3 billion shares will be in the depository to do the types of things we need to do, if we need to use them; doesn't mean we are going to use them. Groups they deal with are amazed they have not raided the depository; unheard of for penny stocks.
LR: today's count: 1 billion, 93 million, 166 thousand shares!!
That's it folks, big applause to end the meeting
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