Nice post, and yes, you were right to be cautious about that float figure. It's not far from that, if there were shares added, which I think happened in March...hence the pps drop again.
But they are moving forward, with a ceiling to how much they can raise, and with this share structure, they would need to wait until the pps is much higher to get all 1 M out of the a/s, as I see it. I (very unmathematic though I am) figured that they need to wait for at least 1.8 pennys every time they take funds with the 504d or they won't get the full 1 M. And they may not need it. I think they will only take what they need...they just gave themselves some headroom for unforeseen hiccups as they get the trading under way. They are NOT behaving like the dilution machines I have seen...dumping into every run. They opened doors after that last bit of fund raising. (I'm just looking at the charts in comparison with the dates of the pr's.)
I do remember Mr. Stone saying that they financed operations with the 504d up until that interview, and that they had received a committment for funding going forward. Gotta remember that and at the same time be ready for dilution...it can happen. Just don't expect that it will be back breaking if it does; they haven't given us a reason to distrust them so far...they are executing, and they have the background and the respect of the trading community, and will do all to preserve that respect...or loose clients. All my opinion.
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