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martyDg

11/28/22 2:20 PM

#539955 RE: beachhyena #539949

Looks like having an unending supply of shares that she can continue to finance out to the likes of FIFE

So true. LP dealing with FIFE is a sign of desperation and a sign that only few lender were interested. We will see the next offering if she still desperate, probably. I bet it will be way below trading price.

dude409

11/28/22 2:52 PM

#539978 RE: beachhyena #539949

Beach...., My thought of having another 5000,000,000 does not indicate to me that
the company is desperate, but could be in the near future. It is a possibility that it is an
additional bargaining chip to let BP know if buyout is going to happen, show the money.
I am fully behind this management team, and yes it has been a struggle from the start
but we are still in the running.
I will vote YES
Bullish
Bullish

sentiment_stocks

11/28/22 2:54 PM

#539979 RE: beachhyena #539949

There's actually only about 200 million shares (give or take) that they'll have access to from this latest raise. With all the shares outstanding as well as the total possible shares tied to warrants, options, loans and possibly Cs, that adds up to around 1.525 billion.

What their plans are as far as the future goes remains to be seen. I'm only referring to the time from when she said BP only has a checkbook to today. There very well could be a partner in the near future, or not. All we can do is follow the bread crumbs, and they are a bit hard to track.

I do believe that they are hoping that they will be raising money at a higher price per share sometime soonish. Does that mean they will? Time will tell. For now, these current prices are at least an improvement from the $0.14 to $0.30 ranges of a couple of years ago.

kabunushi

11/28/22 2:54 PM

#539980 RE: beachhyena #539949

Correct - you are way off on the actual %-wise dilution of new total authorized shares.