They have as many as 500,000,000 shares authorized. They've undoubedly sold some into the market already.Additionally, they just added $13 million in debt financing for their Derby project at high interest rates.
The question I'd have why are they so willing to depress the sh/ px at such low prices by selling into it to raise cash. Seems to me Expenses are eating into cash with insufficent revenues to offset it.
If they had sufficent cash on hand and any degree of confidence in their near and long term growth, wouldn't it be prudent to wait for the stock to appreciate,& raise cash at more favorable terms.
What you're hearing from certain board promoters is flowery statement about coming projects, increases in revenues , and a closing inon a profit.
Don't listen to any of it.It's all promotional guess work with no basis in fact.
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