If Peter needs working capital how about us shareholders coming up with a few solid proposals that puts money in the kitty and lessons need for either dilution or RS in the immediate future?
For example...why not pre-sell the Revenge GTM production prototypes to us the shareholders? 10,000 raffle tickets at 30 bucks a whack would give each of us (and others) a chance to own a GTM. Acually, that would give us THREE chances at a GTM, a 500 hp, 600 hp and 700 hp....
Peter would receive 300 G's over the life of the raffle. Certainly this would help the company cash burn rate and help assure our future. Peter would be guaranteed 100G's apiece
I'd sign up to buy one ticket a month until the raffle ends, and there was reported 2000 investors in this company...
The other thing is that an RS seems unavoidable in the future, and the current AS does not have enough there to generate any kind of substantial revenue if fully diluted.
Why not propose a future RS that is more in our favor? If the current float was reduced down to 400M, with an AS of 1B, and provide Peter with 300K over the next six months, we would be a hell of a lot better off when the GTM is finally released/revealed, and returns should come a lot faster/higher.
Sale of preferred shares would also help and possible with the above scenario and AS.
1B shares AS is not bad, certainly better than 2.5
With only 400M shares in float and a supercar due for unveiling in another month or two should make a pps of .001 - .003 more attractive than the way things are now.
Call me crazy. Flames welcome.
P.
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