They will get financing, but it's not overnight. They have "audited" 10K now which was the only stumbling block before. Dilution is over. Besides the 267M shares issued to RME was an interest free loan at a set buy and sell price of $.018/share.
They have commenced last week with the additional 25M share buyback of the float as well (based on comments from mgmt on 2 separate occasions in the last week - call them if you doubt. Dilution of the float is over.
Now, one more comment. The bank after having reviewed the assets of SPNG may need more loan collateral than assets available. In such cases, restricted shares are often held in trust at some slightly discounted price. These shares are not traded and donot represent dilution unless the company defaults onthe loan. Then and only then can they be traded. Once loan is paid off or assets reach required levels those shares are retired.
In the absence of that which is not, that which is, is not.
