at 1Q they had $3.703M cash
and 974,347,449 shares
or 0.38cps
if they spend their forecast for the following qtr of $1.586M
that leaves $2.117 cash left
or 0.21cps
so it is trading well above its cash value at 2.2cps
the market sees about 2cps as non-cash asset speculative value
capital raising may be coming ?
or a farm out ?
Cheers
