I used the word might and if you look at the filings, you will also see millions of shares sold as low as .0036 as far back as January. The restriction on shares unless otherwise stated is for 6 months only.
If as you indicate, and CEO swank states"the deal will not be finalized until the property has a current appraisal indicating the value in today's market". then why is Mr. swank stating that "We've been working with several potential lenders etc." if no appraisal has been done ? You need an up to date appraisal before you can get and find a lender. He indicates he is now negotiating with lenders as if he had already been approved and was looking for the best deal.