Private PlacementShares of the private placement from February can be freely traded at about the same time as the annual financials should be released ....the end of this month. It is worth remembering that 10% of these were purchased by insiders. While some will argue this is just a "shell game" the point remains that these insiders receive no benefit from a sp wallowing away at $.015 or $.02.
The same applies to the current private placement. So should it close, there is no inherent value to the purchasers or impact in terms of dilution for another 4-5 months. Within that time there will be interim financials and probably an update on Cereal Crunch. At some point the well will run dry on these continuous private placements so certainly the second half of this calendar year will provide insight as to whether there is any hope for DM to start once again funding itself through revenues.