Previous 1/4'ly report indicates they are using $7M in next 1/4 out of what they have left $13M, in 2 x 1/4's they'll run out of of money and seeking more from shareholders. I'm not sure if this includes the Haywood placement of $20M (@$2/share)? If not then it'll have a dilutive effect anyway when it happens.
touching bottom at 85 nc, page-19
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