One has to question the logic of selling cheap shares when we are sitting on all that equipment. Nothing has been announced yet sales wise which means we haven't lowered price enough yet. PT did admit the secondary market for equipment was sloppy no surprise since we are in year +4 of a bear market.
I guess we can hope the contracting gig for AR brings in some capital but in the short run it may mean we have to raise some more money to get going on that. When I talked with PT a few weeks back he lamented that they weren't getting any PP money in.....Well IMO this is somewhat better way to finance IF you have to finance. You get tradeable shares immediately and you don't have to go thru an expensive legitimization wit a broker that will let you trade the shares. My fear is we may also still have some dead weight overhead.
I also heard thru the grapevine that we have a pretty large shareholder that has terminal cancer and maybe liquidating shares. At this stage that maybe contributing to the selloff but my guess is its as J said we are financing day to day and probably still some Typonex loan liabilities. I do wish we could get some more clarification on this as its frustrating to see the waves of "unknown" selling.
I added today and keep trying to cobble together additional funds to maintain my percentage of ownership...imagine I will be disappointed again when we see the dilution factor.
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