Blockman, in a nutshell,
The good: yes the financing (2.9 million) is needed to do all what they needed --- remodeling and constructing the offices, prepping the tons of equipment and machineries for some huge project. expansion here and in China. Heck, you witness that with the site visit and saw those money put to use.
The bad: dilution, heavy dilution, that is, if they don't pay off the warrants. more shares out in the market will translate to less cut for your piece of the pie (unless of course if the pie is big enough for everyone).
The scenarios (for those in long term):
The doomsayers: If they don't pay off the warrants, Cornell will likely exercise and cause more shares out there. No positive news, no sign of projects or revenues coming in, pps will go down further. Through time Cornell, will dilute more and more and without any positive PR (again contracts or projects in the work), pps will continue to suffer that may require a R/S.
The optimists: Huge projects and contracts are underway where the value will astonish everyone and may even justify for the all the dilution that will take place. They will be able pay off all their warrants with the contracts revenues. PPS goes through the roof. We all get to retire.
The in-between: Projects coming but not at the rate that we forsee. Revenues in the horizon helps justify what should be the mkt cap. They pay off part of their warrants before it gets exercised. PPS continue to go higher handsomely and steadily.
So take your pick.
I also want to reiterate, now with all the equipment, machineries and the expansion of the offices, along with the facility in China, they must be up to something huge and significant. i wouldn't think the purpose of those equipment and expanded facility are just being layed there to look pretty. It has to be for something really meaningful. anyone beg to differ? I agree that time is of the essence but i hate to be out when this thing pops.
All imho.
