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Re: buckeyefan1971 post# 16591

Monday, 10/23/2017 3:57:27 PM

Monday, October 23, 2017 3:57:27 PM

Post# of 31087
Good deal.

As I stated previously, I do not think Johan Eliasch will convert the note into common shares come April based on the latest equity agreement, that dilutive aspect is off the table. I also think management will tap the equity agreement (per Scott's email) as needed and will use common sense in doing so.

Any proceeds if drawn on from the equity agreement will be used for creating value and securing contracts. Right now they have a lot of dry powder on hand, which is always a good thing.

I'm still very comfortable in owning this stock even as additional shares may be issued; dilution is still very manageable and any proceeds will be used for much needed working capital that should equate to contracts being secured.

I believe this is quite the buying opportunity at these levels.

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