Excellent review with links, thank you.
Okay, so in the past few months, we're looking at a little more than 3M from PP. Fine, let management and employees have their 2.5M in options, and hopefully it's more of a motivational instrument than a consequence of entitlement.
I'm showing O/S of about 66M. Maybe that's not updated and there's additional options and warrants to consider, I'm not sure. 3M in recent PP isn't unreasonable in this case. It comes down to future financing, and as TRUTH implied, there comes a reasonable limit to where you need to halt the private placement printing press.
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