Polar Sapphire Non-Binding Term Sheet

Qu.
Tolga still holding all these 9,887,032 shares?
If so he is currently underwater a considerable amount.

I have some interest here now, 'Polar Sapphire' Non-Binding Term sheet / Merger News due within the next 2 weeks.
It's a hard one, because as it sits PUA have now less then $500k cash, and what will PUA have to come up with to gain Polar Sapphires Technology and / or Merge? Current Annual Revenue of $5.6 Million

Polar Sapphire Ltd

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Location:
6074 Shawson Dr., Mississauga, Ontario, L5T1E6, Canada
Revenue:
$5.6 Million
Employees:
28
Industries:
Chemicals, Chemicals, Petrochemicals, Glass & Gases, Manufacturing.
Phone:
(905) 362-5401
Website:
www.polarsapphire.com