RE:FINANCING PHD"The Company is presently in negotiation with a funding source for a convertible equity financing in the amount of $1,300,000 USD."
At what cost? When penny stocks are unable to raise funds via stock offerings they resort to convertible notes. Generally that is the path to ultimate failure.
Ron needs to find a way to process the stockpile, maybe via contract mining. We discussed this at his zoom meeting, but he did not want to give up half the income. Half of the income is better than no income. Ron is unable to comprehend that.