RE:RE:RE:RE:RE:RE:RE:RE:RE:Newest Board Member My guess is they only do a small initial raise to cover the first couple holes with some commitment for additional funds at a higher valuation based on results. Stinks to raise money at this level, but if it is only 5-7 million shares at .16 that raises enough cash to get started. Hate to dilute, but the alternative is much worse. If the drill hits what Tim believes it will we won't be complaining about giving up 5% of the company.
should never have gotten into the position, but here we are so get on with it.