Yup were still all here invested big. Just been busy doing other projects in other stocks. Also Im hearing the fed funding wont come till late may or june, But may be a bit more. as it 20 -25 mill. and thats grant. However also hearing the bank financing is getting closer (but cant figure how to confirm the bank finace without the grant confirmed first? maybe they know something we dont.
And BW inter i think you are over estimating the dilution. if they need 72 mill the bank will say ok 40/60 equity means we can give 42 mill.
That levaes 30 mill for co to produce.
there the govt grant for 10- in needs 20 mill more- The CMFO (or whatever its called ) will according to all public reports give 15-25 mill- lets call it 20 mill. _thats a grant not a loan co can serve as equity- re bank loan.
so they only need to raise say 4-5 mill more (but option conversions will give the half of that and they have cash on hands now. So lets say they have to raise 4-5 mill max at 40 cents pst financing arranged? - Thats 10 mill new shares
so imo they don't need to dilute anything like 25% as you suggest but more like 2.5 -3%
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