RE: News on stockwatch - can anyone read it on sedStack - you can sign-up for a free 30 day trial on Stockwatch and read it...
Interesting point - if you read this final prospectus, it looks like they're getting some (several 100k) of the $4million from GTP upfront (already got it, apparently) to start construction on CN - and are still awaiting finalizing the whole $4 million...but it looks like they actually made the 9/1 deadline to begin construction...as that $$ should be in the bank.
Also..the bridge loan that they got last week - for 770k or so - is due to be paid back just after they close the equity financing on 9/14 or so (they're gonna use the equity $$ to pay back the loan)...so a bit less dilution than originally thought...though the lender could still convert 50% of it to equity at .17.
All-in-all, this actually looks somewhat promising.
Of course, dilution sucks - but i guess the capital was needed.