What I take from my correspondences is that there is a plan, but the scope and timing of that plan are a function of funding. Where are they with respect to securing the funding they need, I don't know.
I think from the DEF 14C that was filed today, September 15 is the approx date of the AS increase. They say in the filing that investors have shown a willingness to provide additional money once the company has the power to reserve additional shares.
Between now and then, I would hope they are able to have a good idea of what kind of money will be available to them and that they secure some funding shortly after and move forward with their plan.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.