It seemed like they convinced the farmers union to order 10 units up front (without having seen the formal demonstration) because that would allow them to immediately go into production and thus be able to fulfill the remaining orders in a timely manner. If they were wrong about that the farmers union will likely be feeling deceived or mislead and not trust them enough to continue doing business. Just as most of us mistrust and do not believe what they tell us. Because these customers are the ONLY ones that have expressed provable interest (who knows what conversations the company is having with others and how serious those are, we sure don't), I agree that a failure to deliver could be a fatal blow.
The 10Q should be out by the end of the 3rd week of Aug (that estimate is allowing time for them to delay it). From it we should be able to figure out whether anything is going on with the 10 units in terms of equipment ordered and down payments made or not made. It probably won't tell us any of the 'whys', but I'm hopeful it will reveal the 'whats'.
If there was any hope of good news I do not think we would be seeing dilution at this point. The large number of shares traded today could be a promissory note being cashed out.
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