In answer to your question, last quarter even using shares to settle some liabilities they still needed to take in a convertible to cover their cash expenses. Since I understand you believe that they are going into production this year, do you believe their cash needs this quarter went down ?
Second, in my opinion meeting the conditions for permit, even if I accept your contention this is only "paperwork" , must involve some cash expenditures to make sure facilities meet those conditions.
Basically it has been 2 months since they reported $5,000 in the bank, no new convertibles announced, so it would seem normal that company needs another convertible fast to keep moving forward.
I am not trying to be negative as I understand the huge challenge company has , which also provides the huge upside if they eventually go into production. However company is not transparent in even the most basic information.
