Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-16

It is dead money for the next 3 years, too many trapped shareholders for it ever to rise in value much. Its not a problem for me. Just means the next raise will be 4c or lower. They are a very poor management team that either does not understand capital markets or simply does not care about shareholders other than getting them to stump up for the next raise. They will get a surprise in the next raise as I would not participate unless there were significant warrants attached to offset the risk of the very poor management.

So I would say to anyone considering this stock just wait for the next raise it will definitely be lower than the current price IMO.