Raising money at current levels should not happen - period. The...

Raising money at current levels should not happen - period. The only reason for a raising is because of management's aspirations falling way short on expectations of being a helium producer. Instead of looking over the neighbour's fence, focus should be on their own patch - there are plenty of them and yet no helium production despite glossy presentations. Just failure to deliver to date.

Re management buying - not much of that (if any), but do recall management sells earlier and at much higher prices. Begs the question - did they know or foresee problems?? And why are they not buying with prices being so low?? Despite management not delivering, there are some posters, (one in particular), who rather than acknowledge BNL's shortcomings, would rather attack posters and seek lightbulbs - neither of which will do anything positive for the company.

Now, with dwindling cash and still no offtaker for any helium, (perhaps due to not much if any helium availability), company no doubt will be keen to bolster coffers with another cr with huge dilution at these levels, to the detriment of those who bought in at much higher pricing. Plus of course share price may yet go lower given market jitters. As for inbound news in Sept, probably will be a pump for the cr?

As a holder, do not like current scenario nor BNL's share price and negativity is warranted given lack of promises being fulfilled and still an unknown as to when company will actually produce anything - even CO2, which is non-core to BNL.

Will refrain from posting lest some get upset and start attacking facts.

Unlike some here, not here for lightbulbs - much prefer for the company to start helium production aka, CO2 production or a gas of some sort and start to have an actual income from such and thus stop diluting/bleeding holders. AIMO