RE: finance
The problem I have with it is a further dilution of the stock by about 9%. 136.6 million shares is an awful lot of outstanding shares for a company sitting at .10 and no contracts. I would be surprised if the SP does not adjust to the dilution.
The money is being used for general corporate expenses. It would appear that their sales of the surplus old stock are not keeping them sustained and they are burning through their capital.
On a positive note of course, the investors obviously believe in it and you are right, Natery, there are a lot of companies who would not be able to raise capital right now. But again, no doubt, the investors are those who already are heavily invested in the company and would not want it to fail and would be apt to protect their investment.
Lets hope that positive news, namely contracts will appear in the near future. It is critical that they get their products certified by the countries they hope to sell them in. And quickly. The Sunergy was delayed in certification and the company suffered as a result.
Lets hope that is not happening with the new products. Certification is all important right now. No sales can be made without it and obviously the old product is not being produced anymore.
Good luck to all in the New Year and here's to nothing but future good news. I do note that Loewen clients are still accumulating on a daily basis obviously as a result of Loewen having great expectations and advising accordingly.