This company is in trouble...Mammoth just filed their financials (to January 31st) today. At that time (almost 4 months ago) they had $250K cash, payables of $120K, and overheads running at ~$100K/quarter - which would mean that they have no money now!! They are not in a good shape!
Don't think that they'll be able to close a 10c financing with a stock at 5 cents.
I see an emergency financing in their near future and then they will be in the 'death spiral' !!
Do your own due diligence...