I had originally projected 150 to 200 million shares outstanding by end of the year, now already first quarter 122 million shares oustanding.
If another $300,000 needs to be raised or issued in settlement for services rendered, at a price range of .00375 to .01 that would another 30 to 80 million shares. So I think that my former estimate too conservative, although based roughly on cash raised last year as a starting point for what they need this year.
So IMO the range of outstanding shares this year will be at least 200 to 250 million shares, at least. What are the estimates of others ?i.e. is this too conservative ?
They have no choice but to dilute, how else will they raise funds to stay a reporting company, advance the project through permitting and pre-producton requirements ?
