semi you need 8m to clear up the loan. you are spending about...

semi

you need 8m to clear up the loan. you are spending about 4-5m per quarter. thats 6 quarters till the start of 2018.

so 8m + 24m ( 6 quarters of 4m ) not counting added costs if you are successful and need money to accelerate the commercialization down the line.

thats $32m .

at 60 cents , you need to raise an additional 20m shares to get about $12m

so you double your share count for a mere $12m

the only way to go is a corporate investor doing the deal in convertible debt.

a partnership which will have a reverse split is a no go for me.

id rather stick with my holding than see a higher price but a fraction of my shares.

erb has to finalize financing and announce it asap , the price wont move till then and no1 will buy till the drama is over