That's right, DocS,
Within that filing, it stated their plan on how to raise capital (see below), along with citing their plan of having "special" shareholder meetings -- both of which perhaps a change-up in management style can be detected or is on the horizon. I see that as PROGRESS!
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"PLAN FOR THE NEXT 12 MONTHS"
Over the next 12 months, we plan on raising working capital to fund development of these technological areas through private placements of debt or equity, using our common stock in lieu of cash, and applying for government grants, where appropriate. The implementation of Company's business development phases outlined above will be dependent on successful financing. Financing options may include a combination of debt and equity financing. Equity financing may result in a substantial equity dilution to existing shareholders.
Within the next six months and subject to available resources, the company anticipates holding one or more special shareholder meetings to refer certain matters to the shareholders for approval and resolution.