Cornell's 1.6mill was never going to become a dilutive event from what I was told
There is a debt to Scott & Heather Grimes (you can search the 10Qs or 10K for that. It is around 250K ?
I think the CEO has loaned the company money for working capital at various times and i think that is the 149K of "Loan Payable - related party"
I'd guess TNSX will have about 3-3.5mill in cash when "all outstanding debt" is extinguished.
So, will have about .10/share in cash plus the U.S.-based National Health Services project on the front burner.
Plus their quarterly operating expenses will shrink without Brazilian operations to account for.
It may take a PR re. that project to excite institutional interest
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