Comstock Inc (LODE)

[baystock1]

The R/S would not have any impact if it wasn't for the $3.5 million per year cash burn rate, hence the need to keep issuing shares at what ever the market price is. The company has signaled via the R/S their intent to keep spending money even if it is not adding any value to the enterprise.

At the last AGM they touted how they had reduced their cash burn rate to a still very high $2.5 million. But now they are saying they want to spend $3.5 million per year, which they can't afford IMO.