RE: Quiet..... The recent increase in price is likely a precursor to another financing. I'm expecting an announcement of yet another financing anytime in the 10 to 12 cent range. The company is broke and the last financing provided only $216,000 before commission which is typically anywhere from 10 to 20%. Who was paid the commission? That information should have been made public. For a paltry $175,000 Leung has further diluted the company by 4.33 million shares. 8 years ago 4.33 million shares would have raised over 9 million dollars.
The company currently has over 61,000,000 shares outstanding but this does not include Leung's 27,725,000 shares for the convertible loan. Leung's 27 million is growing exponentially at 10% interest, compounded annually. The next financing will push the total shares outstanding to over 100 million shares when all shares are added.
The year end report will be out in about a week. We'll have a clearer picture of how bad this companies finances are at that time.