I PIPE therefore I am.....(kind of like the penny stock version of the anthropic principle)......obviously, as long as there are shares to sell, there is existence.....
the problem has been MAKING cash, not more deficit!!!......selling ever lower priced shares (at a nice discount to market) for a $10/bbl process that STILL seems to need PIPE life-support for years after "commercial operations commencement" isn't exactly proof of concept!!!!!...so much for that 35% tax problem being the big issue.....
this PIPE was at 50 cents conversion...although actually saying fiddy cents must have seemed unattractive for some strange reason!!!!....7 for $3.50 is more aesthetic, I guess!!!...who comes up with these numbers, is something like 10 for $5 too easy to divide mentally????.....
PS: who knows, maybe it will only cost the Co $9.99 and 9/10 a cent per barrel!!!