Yes, but why would you do that given that you can still retain a salary whilst raising more from CR's along the way??
There is a lot riding on the court case and the $30 million that is expected to be successfully in AU's coffers by end of '23. DFS was expected earlier than currently planned too. Point being, is that if Brian so confident of this occurring than why does not Brian provide the full CR funding amount as a convertible note at 8% plus with conversion options and foregoing buying shares under the CR?? By doing so, the company would also forego having to spend $113k for CR raise costs and favoring sophs, who will probably sell out as soon as a decent profit is afforded (should it occur) and prevent dilution in the interim.
Lets for a minute suppose the court case does not realize $30mill and or proceeds will not be received by the 'expected' - or possibly even worse - more delays or a lot less in the amount finalized. Sounds negative but one needs to cover all bases - not sure whether that has occurred. Reality is, expect the unexpected whilst hope for the best.
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