RE:A quick chart analysis indicates...........Fully agree. The company has pretty much burned through its last five million.
The historical pattern informs us that a private placement will be done for the benefit of insiders only. Once they get their cheap shares, they quietly sell them as the share price runs up.
You can expect a private placement at around .20 to .30 cents a share and it will likely raise another five million, which they will burn through in 2-4 months. Same old. same old.
This is a corporate shell that is being used to pay salaries and expenses with the funds of retail shareholders. Mr. Reynolds, an outside director and former politician, should be ashamed of himself.