The Share issue approval is already done.
That's what the 176 million share lien by Cornell is all about.
Remember, Cornell technically extended a line of credit for 5 million. PTI has basically drawn on 1.4 million of that......
so.........if PTI needs more money............mgt just "sells"
more shares to Cornell...............and the share wind up on the market over time, over time, over time, endlessly.
So Trainz, you are probably correct. THAT is what the market is smelling: More delays of some type. More dilution.
No revenue.
Prove me wrong BJ. PLEASE.