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my two cents:
just because they are authorizing more shares, IT DOES NOT AUTOMATICALLY MEAN THEY WILL BE ISSUED AS PART OF MORE CONVERTIIBLE DEBT....
THEY NEED AVAILABLE SHARES FOR ANY NEW FINANCING DEAL THEY ENTER INTO......hopefully a solid one....
the additional 900 million shares can be used to raise about a million dollars in working capital at todays market price, and end the dilution for at least 6 months....
hopefully this will happen shortly after those grants are awarded, thus validating the company and the technology because they are definitely running out of time here....
i was wondering when someone was going to highlight that idiotic comment about the trading volume.....hahaha....
im confused: the june 29 PR plainly states that DNRG "has no plans to take on new debt or operating capital in connection with the restructuring"......yet in the 10-Q: "we will need capital"
so if not from GHS, where is that capital coming from, or are they that bad and wording PR's ????
i believe they have already dumped most of those.......pressure should be off
assuming current o/s count is 220 million.......that leaves 480 million available to be issued..........
if they need approx 5 million of working capital for the next 2 years ( NOT project capital !! ) to pay salaries and the overhead, then they can blow out most of the GHS committment at even $.01 in order to raise approx 4.8 mill.........
this is not huge money to raise in the VC world, and i expect they'll be able to get what they need....
luck to longs...
it sounds like they haven't touched the GHS funding at all so far........
and GHS is prohibited from selling short when they start getting the shares "put" to them....which means they dont stand to make anything down here at these levels with the paltry 15% discount on the put shares......
GHS is gonna need a much better price....
next few months are gonna be key......even without any updates on status of the demo unit...
it sounds like they haven't touched the GHS funding at all so far........
and GHS is prohibited from selling short when they start getting the shares "put" to them....which means they dont stand to make anything down here at these levels with the paltry 15% discount on the put shares......
GHS is gonna need a much better price....
next few months are gonna be key......even without any updates on status of the demo unit...
hahaha what timing !!!!!
looks like MN advisor guys are setting them straight !!!!!
why arent they trying to raise working capital ???? seems that should be a priority, no ?
a million or so shares a day for a week or two.......they park them on the ask, and eventually get chewed through...
they arent logging into Schwab and hitting "sell at market"......
then thats it until September..........
and since Allen owns half the company, i'm sure his plan is to dilute away all of his investment without any attempt to secure better terms
game changer today.................
who cares if they raise operating capital in Africa, IT WILL BE RAISED IN US DOLLARS ANYWAY.....dilution will cease in the near future.....look for a private placement of a couple million, while the real work continues........
this company has been unfairly bashed for months.....yes, investor communication is nonexistant, but it appears that is all about to change........kudos to Mr. Allen for recognizing the need for advisement........
Eric Fresh most likely oversold his abilities...........it happens all the time...
better times ahead in next 3-6 months for all us long suffering believers......
8-k will be issued upon deal closure........
need Obama to discuss the Power Africa initiative during his State of the Union speech on Tuesday.......that would be a good start....
if there are any meaningful updates that management is sitting on, it would be optimal to time it in conjuction with a presidential comment on Power Africa.....
State of the Union speech on Tuesday Jan 12th.........really hoping that Mr. Prez gives Power Africa some mention.........should see a decent response in share price if that happens...
even if those filing fees are NOT paid by today, couldn't SIRG re-incorporate in another state ??? i am no securities attorney, so im just guessing why they skated so close to 12/31 with this issue...........
however, the NOL is a very real asset, and it is the ONLY reason i hold a chunk of shares here......i can't imagine not being able to find a reverse merger partner, even if not from the mining sector....
wondering if Delphi is waiting for the underwriters to approve the financing ? or are the underwriters waiting to see a contract with Delphi to complete their due diligence ??
classic chicken or the egg....LOL
not sure which would come first............thoughts ?
and no annoying warrants to worry about either
very interesting financing arrangement.............at least they can issue shares at higher price as the stock begins to rise, instead of just unloading a pile of new shares at these levels......
just puzzled by why they didn't PR it last week.........i dont understand these guys views on investor communications...its certainly not a bad arrangement, so i dont get why no PR...
yes, but it's probably closer to 200 million by now........
the big question is will they issue shares to raise cash for general operating expenses.....or if this will be covered by part of the recently announced project financing.........they previously planned on raising 10 million by sept 30 but that never happened......so i can see why some think its not an issue anymore.....i happen to think they will still raise some cash through the newly authorized shares, but at what price is anyone's guess......
it isnt clear at all, at least not to me.....we have to wait and see....
good luck to you...
amended articles of incorporation were finally filed last week with nevada secretary of state (nvsos.gov), authorized shares at 700 million...........
nevada still not showing the amended articles of incorp....
what is your opinion of the status of the working capital financing ??
i was hoping to see shares issued in the teens to raise the 10 mill.....not so sure now......
the amended articles of incorporation reflecting the increase in authorized shares should be filed with Nevada secretary of state sometime this week........(oct 14 notification to shareholders plus 20 days)........which means they can close on their working capital financing, for the $10 million or so......
with the $1.2 billion project financing news out now, one one think it should be much easier to convince a new investor to pay a premium to the current market price for shares and warrants........how much of a premium is the question.............praying they do not have to offer shares at 3 cents to get it done...
because now there will be buyers willing to absorb those shares......
currently, there must be about 30 million in the bank......divy by 692 million fully diluted, it puts the cash per share at about .0433, which means the market value of the enire pipeline at about $7 million....!!!
insanely undervalued.....even if they do another financing in early 2016.......
cleaning up details for buyout preparation ????? why else the big hurry ?
we NEED the dilution, in order to get up and running......i would love to be diluted right now......its not dilution that should scare you....what should concern you gravely is why the PIPE deal which was expected to close by 9/30 apparently fell through........
no i dont want constant PR's..........but they SAID "financing will close by end of Q3".........
okay, it didnt, so then what happened, thats all, bro !
when you miss guidance, you need to say something in order to be taken seriously in the future .....thats all im saying.....
in my opinion, Allen goofed big-time by not coming out and saying there would be a delay past prior guidance of 9/30 to obtaining financing.....to say nothing of not returning investor calls and emails....
true believers would have held on anyhow, and management would have been respected......
instead, now nobody has any idea what's up....thus .04....
busch leauge management....VERY disappointed...........................
hey guys, im relatively new to aezs...serious question:
did Dodd ever state intentions regarding partnerships ?
thanks
fully diluted will be approx 718 million o/s...
...stock is trading below cash per share (approx .06 per share in cash)
current o/s chares =544 mill
after all warrants converted = 718 mill
so,
45 million in cash divided by 718 million fully diluted = cash per share .0626
i think i'll take a chance paying 5.9 cents
GLTA
so at .055-ish.......with 5 million warrants remaining which can each turn into 33 shares, that means by nov 17 there will be another 174 million shares floating ? ? ?
never mind
yes ok i see - my mistake - thanks
wow.....the decay here is brutal.....unless im missing something
8/27 close of 10.10 with WTI at 39-ish
now wti 17% higher and the triple leveraged uwti up only 11 % ???
received an email from my broker with the DEF-14C from 9/15....
if todays notification begins the 20-day wait until amended articles are filed with Nevada, then that explains why no financing deal has been announced so far.......now we are looking at early November
dont understand the one month delay in notifying us though.......and its stil unclear because the document says shreholders will be notified on or about 9/15.......
is there even the most remote chance of them halting the trial ?????
brand new here.....took a shot today for a few grand...
good luck to you all....
amended articles of incorporation still not filed with Nevada secretaty of state.....
being a few days later than expected is probably no big deal, but no financing deal is going to close until they are filed.....
being patient...
you're welcome.....................
im way too overexrended here now, despite my belief in management............but thats my addiction issue kicking up again...
will either end very badly or very nicely....
they dont need EXIM bank (per Eric Fresh)......African banks likely to play significant role in financing...