Gentlemen, I am not disputing the need to raise capital, nor, certainly, that it is good to have management invest in the company. However, its really the price of the placements (both NLI and WLSA) that seems unreasonable based on where the stock price is - or in NLI's case, what we as a company bought it for, which NLI then used to acquire 20% of Sunbay with. The price is what determines how many shares are acquired.
We will undoubtedly need to raise a significant amount of money to design and build the "projects". It will be interesting to see how this is handled........ by dilution or by debt. That's the biggest outstanding issue.
I do agree, bottom line, that additional funding is certainly a requirement.
And also, if it were me, and I could get away with it, yes..... I would purchase all the shares I could at {$0.01/share} especially if the current price were $0.10. But a caution to Hullabalo for saying, "if you could get away with it, wouldn't you do it too?". That's the wrong question. The question should be, "How do we get funding at a rate that's fair to all parties?". Seems today that 40% of current share price is not within that rhelm of fair and reasonable.
Bottom line is really how we get funding for what I would think is the real opportunity......... the "projects". These little acquisitions (on the surface) appear to be "nice" but are not why I'm still hanging on after 5 year.
