Yes, that is all true, and MJ the names you mention, PHall,...

Yes, that is all true, and MJ the names you mention, PHall, Leedman, Otto that's long time water under the bridge, each capital raise everything is new, - and each capital raise we are getting diluted big time if SP is where it is now --- imagine we raise 7m now at .3c ?? and then again in 7 months -- what's my point ? I am feeling not comfortable at that thought, but ..... need to start imaging it. -- hence my posts earlier today - that is our hope, break even maybe mid 2026 ?

here is your dilution nightmare in numbers thanks to GPT

Starting Point

• You hold:1,000,000 shares
• Total shares on issue:4.6B
• Your ownership:

1,000,0004.6B=0.02174%4.6B1,000,000=0.02174%

Next Raise: $7M at 0.3c --- maybe June 2025

• New shares issued:

7,000,0000.003=2.333B0.0037,000,000=2.333B

• Total shares after first raise:

$$4.6B+2.333B=6.933B$$

• Your ownership now:

1,000,0006.933B=0.01443%6.933B1,000,000=0.01443%

Subsequent Raise (also $7M at 0.3c) --- maybe Feb 2026

• New shares issued:

7,000,0000.003=2.333B0.0037,000,000=2.333B

• Total shares after second raise:

$$6.933B+2.333B=9.266B$$

• Your final ownership:

1,000,0009.266B=0.01079%9.266B1,000,000=0.01079%

Dilution Summary

You started at0.02174%, and now hold0.01079%

0.010790.02174=49.6%0.021740.01079=49.6%

You’ve retained49.6%of your original ownership
→ So your position has beendiluted by 50.4%

Final Answer

• Your 1M shares now represent0.01079%of the company.
• You've been diluted by approximately50.4%by not participating in either raise.