That should be 1.04b - 240m(restricted 1 year) = 800m total, if I'm correct?
The company realizes that flipping from these levels is going to be a problem and in fact should share in the blame for releasing shares so quickly into the float. All longs know the story of needed funds to jump start the over-all business plan, with hindsight at 20/20, an alternative dilutionary plan could / should have been considered. At this point it is what it is and the only way to pull out of this nose dive is for them to :
1)seek out-side financial backing. and make the attempt to buy back a great deal of these shares,forcing some buy pressure, while creating some support for the pps along the way.
2)Sell some vehicles and announce some revenues....profits.
3)Announce a/some contractual buyers moving forward with potential revenues to be gain from such agreements.
In the attempt to get many day traders and flippers to hold, they have actually given many the impression that they have no control, which will make many do just the opposite of what they have asked.
Again to many shares released to earlier, to quickly and now it is what it is.
What else?
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