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Monday, May 19, 2014 9:53:16 AM
The meeting that the PR mentioned will cost the company close to $500,000.00 to attend and present. If selected to proceed it is another 1.5 million to set up and bench mark test, not including performance bonds etc before the government gives them a penny.
For the sake of easy math let's say 1 million investment for this project alone. They don't have a million and they have been getting toxic short term debt to cover rent, payroll etc which is now pretty much tapped out so they have no way of getting the money without dilution. 1 million divided by .005 equals 200,000,000 million shares of dilution for just this one project. They are going to be putting out a lot of PRs in the very near future but they are going to be selling into everyone of them so the PPS will not go up much if any.
That is just to cover this project and they have other projects in the work's which just means more diluting.
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