I Agree. More likely thru a private placement at around $1.3. Don't forget they also own about 20 Patents.could be used for an additional future resources. It could be also Combined w an additional future NOLs Benefits.imo
Another good point is stake amount . 5% or less means only $300k value ( based on a cap of $6m at .30). So it make sense to do it at much higher Price. As mentioned before, around average purchase price ( $1.3).