So Much Wrong With This"The Company intends to use the proceeds of the Offering to fund operating expenses related to its recently announced extraction contracts and for general working capital"
Nowhere does it say that it's going to buy biomass. It needs money for regular operating expenses because it has generated next to nothing in revenue even though they've had their licence for about a year and have been burning cash while not even remotely living upto the expectations from Q2 2019.
It also allows warrants that can be execised at 0.50$ over the next TWO YEARS! This is an honest look what the long term forecast is in terms of expected performance. Why couldn't the warrant at 0.50$ to be exercised within 1 year? Think about it. There is a reason
So anyone can pull a Random number out of their colon but to suggest that the REAL expectation is that this stock will trade @ 1.00$ by years end is just crazy.
It will also pay a commision or finders fee as a way for Charles and Paul to line their pockets with extra cash while the shareholders who "got in early" are left looking at depleted portfolios.
VERY DISSAPOINTED. We need competency from this leadership group and we need them to get to work and create value for shareholders and not just the same "6 months from now it will be different, 6 months from now it will be different, 6 months from now it will be different". Quit kicking the can down the road!
I really want to SEE that this company can make money and generate revenue not just raise money, burn cash and dilute shares.