Disagree. Will it be 4billion+ shares on issue soon? Yet it doesn't have a product to market yet. They could reasonably chew through this cash within 6 months, and go cap in hand again.
I would be extremely cautious of any company with those levels of shares on register that doesn't have a marketable product, at a minimum, to avoid another raise. Which would be a disaster for current holders.
The SP will sit between .001 and .002 for some time now. Consolidation will have to occur at some point to shake this.
What makes the SP "surge" next year? All the things I can think of that would make it surge are about 12 months off in my view if everything goes right.
Is the Future Bright?, page-4
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