RE:RE:RE:RE:Hang In ThereA no less than $10 million financing with 115 million fully diluted shares outstanding now, would mean 50 million new shares if done @ .20 cents. Add probably a full warrant and that would be another 50 million shares when exercised which moves it up to 215,000,000 shares out.
In this environment with commodities and markets pulling back on the sensing that covid is/will increase once more, imo one plausible reason MMV can't raise the $10 million or more is because financiers want a rollback in the stock first. Flooding the market with cheap shares and an overhang of 50 million new warrants and no major discovery would hang an anvil on the share price. It appears Nelson and crew have their heels dug in and the money by-passes them.
If the project is that good, and if management want to play ball, after all this time financing should have found its way into MMV....BRUTAL.