1) The company will be raising money needed for production via preferred shares - no dilution
2) Has money in the bank
3) The minimum conversion price so far has been $0.01. The earlier conversion rate in January/February were at >$0.10, $0.25
4) This Co is just turning around with a clean balance sheet and money in the bank.
5) No CEO will do all these unless he has a clear path to what he is doing. In other words, they probably already know the customers and getting ready for production.
6) No investors will pay $0.01 when the share is trading at $0.0019 if they don't know what lies ahead.
Just putting two and two together and trying to understand.
1) The company will be raising money needed for production via preferred shares - no dilution
2) Has money in the bank
3) The minimum conversion price so far has been $0.01. The earlier conversion rate in January/February were at >$0.10, $0.25
4) This Co is just turning around with a clean balance sheet and money in the bank.
5) No CEO will do all these unless he has a clear path to what he is doing. In other words, they probably already know the customers and getting ready for production.
6) No investors will pay $0.01 when the share is trading at $0.0019 if they don't know what lies ahead.
Just putting two and two together and trying to understand.
Read the post # 9302 for more - this is posted as a reply to.