EXPL could have raised plenty of money……
ON THE OTC following the SFRX model, which is sell discounted shares. Thousands of OTC trash companies do it on a daily basis.
There were Asher types who made alternative offers to EXPL, but those offers were rejected.
EXPL didn’t fail to report anything, they chose not to. There’s no legal requirement to file.
Plus, there was no need since they had alternative funding because of solid research on wrecks with the right legal profile.
Current funding for EXPL’s projects is not provided by stock pimps who depend on promos with bullshit claims like, based on the size of a nail Juno could be a $15B wreck.
Those (ahem) interviews reveal SFRX hasn’t learned a damn thing about the industry in 15 years.
But as a poster said earlier, if you’re looking for hot air profits, SFRX’s a good fit.
Over 7B served.
Dilution is good, right?