A little something for everyone i think.,
The Good
Not nearly the amount of dilution has actually occurred compared to the amount the noise would of had you believe. I am sure some disappointed by the lower than expected numbers. A lot of the convertible has been paid.
If the planned installation occurs then the current share count does not look to bad. If they can succeed in getting non convertible loans then things look brighter.
The Bad
Debt increased ( no revenues so that was expected) also no grupo trebol so i guess that was never a done deal, nice of them to mention that, lol.
Management fees and expenses too high for what they have actually shown to have achieved.
All in all it was not as doom and gloom as most had anticipated, the financials side is always going to hurt until they get that working model and some decent loan structure. The jury is still out on this one, the next few weeks will be telling, no UJ installation and its likely curtains, if it goes ahead then lots of people may of wished they bought it at .005. Not holding my breath as this stock has been a let down for sure. Lets see how it trades over the coming few days.
GL
If looks like one and smells like one chances are it is a 
