There is no escaping the fact that the company has (up to this time) no sales and no revenues to speak of.
It is equally important to point out that the company currently carries no debt.
I would encourage anyone interested to read the latest 10Q and draw your own conclusions on the differences contained within this report versus those contained in previous reports.
Providing funding is being secured and those arrangements finalised then I would expect even better news to follow in quick step.