Agreed. Just looked back at the 10q from June. They anticipate they need $3m to fund operational costs. Although they raised $1.5 m in convertibles and the rest from common stock by the end of April. It's a big trench to dig out of and more financing needed for what? The office? Restructuring their company? More properties like Arabia? Still no mention of how we go from exploration to production. Just yeh, we've got more money through stock issuance that we all know will have a deep impact on day to day shareholders.
And I don't think it's a bad thing to provide alternative views on our own investments. I've made many investment mistakes and this is one of them. I welcome folks to look at the negatives and read the filings. I certainly don't want peeps to lose money but encourage them to read deeply into what's actually going on here.
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