Qsolar Ltd. QSLRF

RE: qsolar form 9--more details about

[illumination1]

given this some more thought and by my calculations when converted these will still tally to about 6 million shares =( but without the extra half warrants. well, what can you do? i would have definitely preferred the shares to be around 2 million max because this amounts to what i had stated at the get go and if we need to do this another 3 times to reach 12 million if that is what the company is looking for then we will be diluting to close to 65 million outstanding (and unfortunately until we are recognized and stable there are no guarantees that financing will not continue at the same dilutive rate) i hope that maybe our cash position/need may change where we don't need to execute all of this but given what i see it is not likely. this is still better than the original planned dilution which would have saw us at 8-10 million shares. the problem that i have is that when we rely on these means to raise capital it is easy to continue to perpetuate it. so actually, i'm not too fond of this proposal after all--it's a bit of a stale mate for me in that yes it is a compromise but still diluting more than i would have liked, but at the end of the day if we need the capital we just need it- nevertheless, once again there is the licensing option still available which should be seriously looked at a possibly drawn from. i would be ok with a combination of these but not just straight debt/equity financing where we keep diluting. licensing should be looked at as soon as possible to avoid these financing options. glta