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uksausage

07/01/23 8:42 AM

#2384 RE: G-OiL-D #2383

we are already Nasdaq compliant as of last Wednesday night and confirmed in an 8K.

Any R/S is to allow capital to be raised, however the law changes on August 1st allowing them t ojust have 50% of votes submitted to increase the A/S. until then they need 50% of all shares to be voted yes (which they have struggled to get to since so many do not vote).

In 12 months time they may decide to R/s to just get a higher price anyway as their business model and cash requirements will be clear for all analysts and financiers to see. Until then they need regular capital infusion to guarantee the FCEV deliveries they have committed to, and complete the first hydrogen production facility and supply the infrastructure for initial customers and some public stations with their partners