Jerry and his partners own Leatherneck. Its the funds from this company that was supporting so much of the work the company was doing. Jerry did this for as long as he could it appears, but needed to raise more cash to continue building the business. Jerry reluctantly raised the a/s share count. I got the impression when Jerry and I first talked that he wanted to keep the share count as low as possible. What cash does come in will go into the company, I have no doubts about this. There is a lot of work going on, and considering the rains and the floods they've remained on top of it when possible. Jerry is dead serious about reaching the goals he has for Rgno.
This isn't the problem, the company looks great. Did anyone call the TA?.......Jerry will restrict any shares but this isn't our problem. Its the volume we've lost. Anytime anyone of these companies have gone thru one these ordeals the result is the same. Investors learn of it, and that puts a damper on things for even those who can purchase thru their own broker who has no restrictions. We lose just way to much volume. Its kinda like having one hand tied behind our backs.