Neil...
Okay, but from where are those funds coming? Do they have the cash on hand right now sitting in a bank account somewhere? If not, from where is it ultimately coming? Shareholders? (i.e., stock dilution?) Secured or unsecured debt instruments? Cash payments from joint venture partners? Where?
It is all well and good that Frank tells everyone that he has the funds to last for 5 years minimum, but it is a whole other issue for him and corporate management to "come clean" with all of us investors as to where the funds are derived from! I’m talking about audited financial statements! As investors, we are more-than-privileged to know this information; it is our right as investors.
But, then again, this is a financially non-reporting company/stock. Management does not have to verify/certify anything. In essence, they are not responsible to any of us shareholders, eh?!!! Guess we all just have to take Frank’s word for it!!!
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