The stock can’t be bought, so how is…..
that hype, and how is a Rule 10b violation better?
Please elaborate.
The CEO put up $1MM of his own money to keep operations going for a while, is still owed that money, and we now have an investment firm keeping things going that isn’t interested in getting shares, they want a % of the project, not the company.
Yeah, I hope we’re successful enough to get a pay out at some point, but if we aren’t, so be it.
There’s only about 3MM shares in the float and 55MM OS. There never was a market for the shares, but no one is trying to create a false market. We don’t need to. We have funding.
We’re not like the (ahem) rival company hyped that’s said for almost 4 years they have a game changing device that can see gold and silver under the sand but has never found anything since 2008 and has issued over 7.5B shares. Their daily average issuance is close to our total float bro! How’s that working out?
TIA for the explanation.
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