There are many ways that a project could become viable for the...

There are many ways that a project could become viable for the company and there are projects with cash and most importantly cash flow positive from day one.

Agree wholeheartedly that anything to do with the current board and their associates will fail dismally and a large % of the current shareholdings will be wiped histroy tells the story.

With a new BOD and a through investigation into the company the dilution may not be as major as you elude to.

IMO  DYOR