"still be around with no income over a decade"? Well, "no income" is correct, technically.
But sorta left out the part about burning through over $118 million of OPM, "Other People's Money". So, it's not like there hasn't been a lot of coin sunk down the sub-3 cent drain IMHO. $118 million gone, is nothing to sneeze at IMO (and there's still debt and a big cash deficit too boot; see latest 10-K).
Meanwhile, despite the $118 million being sunk, the common shareholders have been diluted out to near nothing IMO, and, the insiders have set-up the vote, so the common holders have no say anyway (see latest form 14 proxy as example)- "we're sending it to you, but your vote or input is not needed, nor wanted, it's a done deal, and has already been decided" (paraphrasing) regarding the massive increase to 2 billion shares available.
"hopefully before then we have info on some financing for phase 3 though"??
"financing" for phase III has not materialized in over 4 yrs now, so why now? What would make it "imminent" now- they're down to 3 total employees reported in 10-K, and in worse financial condition than 4 yrs ago IMO, so why would "financing" for the phase III suddenly materialize now, of all times? Not seeing it, IMO?
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