Interim Financial StatementsGood to see some revenue coming in, $819k in helium sales. Hopefully this cashflow stream will increase as processing ramps up and stops the stream of dilutive financings.
Not exactly sure who is selling at these levels, I can't imagine the debenture holders are happy with management having their 12% notes converted at $0.37, when the share price is so low.
While the business seems to be lookng up, the capital structure of this company is a mess. There is going to be a big resistance getting back above 0.12 as the warrants become profitable. There are a lot of headwinds with the share price. Mgmt essentailly gave away a third of the company for $14 million ($6 million from 9 cent financing and $8 million from warrant exercise).