10m funds not factored in current share price, page-7

Think of the funds as a loan for buying a house. Until that loan is cleared, you can't purchase the house. Your friends perception of whether you have secured the loan or not is irrelevant. Fact is when they have the money they can walk the walk, it's therefore still all talk. And that is why the SP is still so low. What they do with the money is almost irrelevant in the short term. Without proof of permits, agreement with contractors etc, the money is just working capital that investors assume will be available.

Expect a huge rise in the value of SP when the funds are secure IMO.