RE:RE:RE:RE:RE:RE:RE:RE:Discord Page 121 investors now I tend to agree with Sisboombah. It seems to me that Sisboombah is quoting from the company’s MDA and press releases and from you. Most publicly traded companies, large and small, rarely share with investors the reasons why something went wrong. It is not bashing, it simply being skeptical and being critical.
I have probably spent more time reading Current Water's past MDAs and press releases than the average Current Water investor. I have decided to keep Current Water on my watch list and wait to see how the contract with Ship Nature’s Way evolves and wait and see if the Separtis contract is signed and how it evolves.
The waste water and hydrogen concept is intriguing and cross selling with Pumptronics is possible, what a prudent investor needs to see is how smoothly and how long a unit will operate. Proof of concept in the real world has not yet been demonstrated.
The other thing that annoys me is the number of options and warrants.
As of September 30, 2022, Current Water had 212,275,038 shares outstanding and 44,000,000 options and warrants.
Since October 3,500,000 options have been issued. The exercise prices vary between from $0.035 to $0.15. Consultants control 3,250,000 options.
According to the December 23, 2022, press release, an additional 5,000,000 common shares were reserved to increase the total number to 29,000,000 common shares. The term ‘Consultants’ now includes Investor Relations service providers.
On February 21, 2023, the Company granted of 2,000,000 incentive stock options to be issued on February 22, 2023, with 1,500,000 options going to 2 Directors. The options are exercisable at a price of $0.05.
Investors will have a clearer picture as to the number of options when the next financial statements are made public.
Finally, I did send questions to the CEO, but he dd not answer.