The NumbersCurrent assets $189,000. Current liabilities $2,174,000. We are probably looking at more huge dilution unless management does something which is very unlikely. They have done nothing for over a decade.
I could be wrong but I think the problem is they don't have all of the environmental work completed. The can't move forward with building a plant until the environmental work is done. Management isn't spending any money on this, just interest in their debentures. I am thinking they are trying find a partner who will take on the environmental problems. The question is can the environmental probems be dealt with. Can this eventually move forward? If it can why has it taken so long?
Correct me if I am wrong.