Thank you DD. However, people are just talking without basis. 39.9B shares are authorized shares which means that they can issue up to this number of shares. There are 30.8B shares outstanding, those are the issued shares.
Looking at the good side, the Company has no cash, so definitely, they are paying anything with shares. They still have shares to issue to compensate for additional expenses when needed. R/S will happen because the shares are too many but not now as they have some shares available and they need these shares. Also, at the same time, having Steirwave funding the exisitng contracts will add a value to the shares, which is not going to affect the share value after the R/S. Looking at the present value, the Company is undervalued. Situation might be different when it becomes an operating company.
Al salary was not paid; it is only additional accrual.
I know the frustration that the mgt can't keep their words which get us to the untrust situation that is existing now; but Al might be optimistic more than a liar.
Bo said no dilution, which I doubt he knows what he meant. But it sounds to me that he meant that no R/S but it means no F/S or further stock issuance. I think he meant that there will be no R/S and everyone will keep his shares which what happened and the Company instead authorized the new stock.
Ralf is a very honest guy and he works very hard to get the Company to be operating. If you read the subsequent events, you will get the sense that Steirwave came in by Ralf's efforts because RTR (his company) had contracts with steirwave.
AI
