Mide, additional thoughts -
IF, and I say IF, they have contracts coming, as we've been hearing for some time now, they will need money to go into manufacturing right away. Maybe certain customers require they have cash on hand to assure that product can be delivered in a timely fashion. Sure we have some money in the account, but it's not nearly what we need to build 10 ships or something of that nature. No one, especially in this economy, is willing to fund a vendor's production cost and wait for product. As the old saying goes, it takes money to make money. Plus, they've stated that manufacturing will take place in 2 locations - FL and Easton. Ramping that up will require cash for sure.
In regards to Rodman - they are known to many as a Duey, Cheetem and Howe type of company, but certainly the benefits go to the client. Pumping and subsequent fundraising is what you get from them if you need cash as a company. The company benefits, the investor often does not unless he's very nimble. I believe our management has wrestled with utilizing their brand of business and my hope is that they find a better way.
Again, 100mm shares has been mentioned to a single purchaser. If it's at .08 or .09 in order to get to the $8 or $9mm figure, it better be a sure bet that contracts will come that puts us seriously on the map and gives us cause to forget the past.
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