They were too optimistic in the first quarter, then the Japan Earthquake and Tsunami threw the world into a near recession, and hindsight is they should have sold shares to raise cash when the stock was around $1.25 back in say Feb, when all the good news peaked, but they did not want to dilute at all (no one expected the Japan disaster, and Greek Tragedy to happen and freeze up investment banking), so they missed the chance for small dilution at a price 4-5 times where are now.
I only say this to prove that MNLU insiders are doing all they can to avoid typical penny stock share dilution that kills existing shareholders, by trying to get loans or JV financing. One of the insiders, probably Jerry (the director) and friends loaned the company about $1 million dollars since Feb to keep the company going (see the SEC fillings), to keep the reports filed, and so on. Another very good sign of insider confidence.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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