RE:Small news update from Facebook groupI fully expect that next week they will announce a $100million private placement, which will be at current sp with warrents as a added bonus and then the will do a 30:1 reverse split to try to get NASDAQ listing, exactly what FSD has been talking about and saying they wanted. They will have their way forward to complete the build, shares will be diluted even further and the share price will drop further aftert he reverse split.
After that Management will vote to give themselves new stock options with an attractive exercise price based on the new low price. Everybody will win, except the current shareholders.