Rogues,
I understand they have a lot of positive news pending and plenty of promising things on the go, BUT, for anyone looking to invest significantly, it is extremely hard to do so when they have such a little amount of cash on hand, it's very very risky.
Their projects maybe amazing, but if they don't have the cash to operate it doesn't mean a thing :)
Whilst diluting the stock maybe a side effect of raising some capital, that extra money would act as an assurance to possible investors that the company has the ability to continue operations. For mine, diluting the stock a little but ensuring they have plenty of cash on hand would certainly encourage me further to invest in the company.
I keep looking at this stock and agree with all you say, but the sticking point for mine is the inherent risk of investing in a company that is fast running out of cash!
Regards.
Hope they bounce up for youm mate.
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