Raising $1 million via a convertible note with a charge against the asset is not a milestone, it's a sign of how bad things are. Open your eyes, the lender now has the legal right to take the whole project for $1 million if VRC default. That's a terrible deal for shareholders.
The whole point of a forum is to second guess what is going on behind the scenes. WW and others have presented some rational statements with supporting numbers based on the quarterly's. You have the information to work out what's going on but the only ones making an effort to understand the issues are non-holders.
You've been sitting back and watching the story unfold since 15 cents and now it's 2.9 cents.
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