Not so if they get their bank financing for phase 1. They presently don't have the financing in place so that is why the stock is where it is. If Financing were in place with the Banks the stock would be absorbing dilution. IMO You have to decide for yourself whether you think that they will be successful in obtaining financing. I am sure that they have been talking with the local banks all along and know what they have to do. Will they get it done or won't they? That is the question! I personally am taking a shot at it that they will succeed.
This is my personal opinion and not to be construed as a recommendation to buy or sell a security. You should rely on your own due-diligence when deciding to invest.
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