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Tuesday, August 04, 2015 11:52:10 AM
This is from 2015-06-24 PR:
[quote (the) ...audit (is) necessary to meet the requirements of an SEC reporting issuer on the OTCQB tier. The Company will commence the audit within the latter half of July 2015.
Additionally, to meet the terms of a financing commitment currently being negotiated, the Company will file an S-1 registration statement. This financing facility shall be accessible upon an effective registration statement notice and is intended to be utilized for CAPEX and business development expenditures devoted to increasing shareholder value.][/quote]
Do you, and the rest of contributors here, have the feeling that
ONE: this is to help raise pps while they dilute? Or
TWO: stating they intend to do a R/S ... the 'goal of upgrading to OTCQB' is cover for this upcoming horrible easiest-way-out deed? Or
THREE: serious intent to be ready to upgrade to OTCQB once the financing (via notes and dilution) is accomplished because of (what they know to be a very promising) African J/V?
I think we all will have to agree ... maybe? ... with you that this audit is right in the middle of what ever is coming.
No longer adding, but still LONG and holding DSCR.
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