RE: MD&A is out A few interesting notes (part II):
- Geysers Project is no further along - and is still sitting with an LOI and no EPC with SNC
- Q2 Revenue is $7M vs Q1 of $1.1M
- General admin and salary were up by $1.9M (from
.4M) but that includes a $2.9M charge for stock compensation expense related to forfeitures in 2011 of stock options held by former executives and employees of the Company
- The losses are down substantially, to a near break even point for first six months.
- There is still a large potential for dilution with 128M warrants at $.72. With that of course comes $92M of cash
- Total loss is down to 2.5M for first two quarters 2012 vs. 11.2M for first two quarters 2011