As to 290k potential shares many if not most companies adapt provisions allowing dilution if advantageous. Dilution is negative only when te roi is poor. The company has stated no dilution is planned.
As to no revenue and little cash--old news soon to be resolved -jv provides immediate cash flow--when financing closed pro forma cash flow statements will follow.
The 10k statement is standard in exploration oil-gas and pre revenue alt energy companies as I am sure you know
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