RE:Debentures It's a do or die scenario.
Obviously they were hoping (and through BMO trader) that they would be able to rise share price above the 5c threshold and be able to amend the debenture.
The securities commission won't allow them to do so below the 5c threshold.
The commissions are saying we won't allow you to raise more funds through dilution until you actually acheive something after spending $95M and five years.
Five years ago they could have spent $5M acheiving the position they are in today,
merely a licencee of the tech.
Shareholders need to make Sen and his partners accountable for $90M of stolen shareholders money.
If Sen doesn't make an announcement for products in the next two months (in order to raise the share price) they will be in serious trouble.
Facilities and licences are still up for sale.
They need those assets sold.