As RD said, a majority of the outstanding share count increase came from collateral shares (which will be returned back) and ECAB shares for $3/share (close to 10 times higher than current prices) which reduced our debt obligations.
Management is more than aware of the financing issue and has been trying to solve it for months now. The first delay for the $100M loan in the beginning of the year was due to the collateral. They had to revalue the collateral and this was resolved by pledging resources from Tri-way partners. The second delay came because apparently one of the bankers changed companies and the new banker that replaced him had to review all documents over again and even asked for new ones. As has been said before, they are now in the advanced stages and are very confident they will finally close it. Once this is done, they can put a cap on the outstanding share count for good. In the 10-K, they told us they would release details about a possible cash dividend in 2018, so I assume this will be paid out some time in Q4.
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