It would be 'neat & tidy' if that was the situation. SEC finish their bit and GRC convert. Bring it on!
Its more likely that GRC are dragging their feet (no update of any sort as to progress/lack of with 'effectiveness of filing') until they sort a successful demo and gain a subsequent shareprice hike then the MSRM/CRC potential sell would not be a big problem, which surely would be the case if they converted now. This seems to me the logical explanation.
I am currently waiting for a response from the SEC re any update on registration filing/effectiveness.
Of course it could be that matters sre just taking lomger than expected....historical issues, etc, but if so, why not give shareholders a minimal update?
On the prototype issue I remain puzzled about delays here re tubes. With the supposed potential for the technology one would expect no lack of serious backing, whether financial or technical just to get things moving....
All this IMO