Not true. Until now, he has not done a RS, and a AS raise is always a better option.
Do you remember DEW*M? I was there back in 2014. It had 2B AS with maxed OS, just like CFGX and was trading at $0.0001
Then, they raised the AS to 4.5B and the stock ran to $0.035.
An AS raise (if it happens) is followed by a run. And as the company has confirmed no RS, then we only have two options at this time:
1. AS unchanged and possible big news coming = run
2. AS raise and possible big news coming = run
We are at the point of maximum financial opportunity.
I have a lot of more examples for you from other stocks.