bye, bye, jrv?

Thought I'd follow up on Post #: 7813988.

I knew a CR was coming due to a low cash position, now it is Critical JRV do something and FAST!

Qtr stated cash position of $457,876, with an expected cash burn of $610,000 for the next, current qtr.

Add on the massive $288,872 from the CR and current cash at end of qtr would/could be $136,748, only 8 weeks away!

Also of note, of the 96 million shares purchased under the CR, management were entitled to 31.9 million or 33% of the amount issued. That's if they took there full entitlement. Convert that to cash and they might have given JRV about $95,700. Ironically, they will probably get paid by JRV so the money comes back to them anyway!!!! Can I please have a job that does that!

How many of the shortfall will be 'issued' at 0.001?

Good luck if you are stil holding. With the EMC thing still indispute i see them perhaps JV into the Scandium project when and only when JRV has little or no choice.