chef, could it be that 1st quarter showed a profit, but not enough profit to finance the loan. It seems like the preferred share route would be the route to go to raise the most money per issued share, is there a restriction on how many they can offer at this time? GLTA LC
overall, i will hold my shares..let's see what the 1q shows and if they close on the 672m loan!remember the company has 1.7billion shares held by insiders and at a mucher higher pps then .0002/.0003 range..probably closer to a penny!(all my opinions)