RE:Hey Scarlet, take a deep breath……..Mrk25 first off i wasnt the one who suggested the rights offering quite some time back someone else did but i thought it was a grear idea especially to give the people who really deserve it the chance to also benefit not only the insiders who by the way as far as i am concerned ruined the stock value. Nobody is not saying there wouldnt be glitches they are to be expected.
Secondly it is rather pathetic and disgusting multibollion dollar revenue generating companies are not being to helpful in what 5 million funds thats like what 1 penny to them? So in nearly 2 years this company faols to get the needed funds to get back on track how long do you want to wait 100?
Thirdly we see how great the share price is it cant even hold a losy .15 a price it should have never fallen to but oh wait everyone on the ibside knows what is going on did 0 to support share value and here we are. The company can keep waiting for government hand out which sure no problem it can keep waiting or it can take a stronger initiative and do what is needed and go to those who will most likely happily take part. Just because you dont have 25,000 dont be a spoilt brat and ruin it for others. Great you have 200k you said sitting good for you that doesnt impress me given that you feel you can talk down to me holding 4000 shares which yeah ok that i have. It doesnt matter what i hold is equivalent to yours anyone ekses. By the way i dont like dilution either and i begrudgingly am suggesting a rights offering at .15 which yes will dilute by 67 million shares but still keeps this under 200 million which is reasonable. Now the company claims their solution will be permenant they cant afford to be wrong so either that 5 million is just that or it isnt. People cant endlessly fund a science project they need to see the reak deal.
Fourthly if the company has way too much problems with this so called low hanging fruit and subsurface materials despite what i and others said before of desiring to see the pilot through as z said and ultimately agree it may ve time to pull the plug and focus on above surface drying process and do something that works prove yourself and funding etc will be easier. Geoff wasted nearly 2 years of peoples time like i said that was inexcusable. I am sure he had a fairly good idea it wasnt a simple fix. It gave insiders all the opportunity to dump their shares at higher values onto the rest of us who bought remaining hopeful the problem would be solved within a quarter or so not years so again the rights offering to retailees i see as a sort of an ammends to that but also looking after not only insiders.
Fifth i am not looking for my Dad or anyone to spot me anything quite ignorant as to what you said. If i did i would openly say i would be able to take part in the raise which when KA asjed i extensively responded. Just because i cabt take part doesnt mean i dont want to see others have a chance to do so. Sadly the share value is so far beaten down that any raise beyond .15 will end up in failure like the one at .21. Why is it the sp is beaten down? Oh yeah our useless partners did very little to give share support bailed by dumping higher valued sharez to the rest of us who do in fact care about higher values only to see them constantly plummet and people still killing it everytime it makes any type of move and here we are at what??? A pathetic disgusting .115!!! .07 now that was rich.
To me it becomes an issue of time money and dilution. If there were better options sure wait but since there are not really some tough choices will need to be nade however if Geoff thinks looking for government hand outs is the best to avois dilution well ok i guess we will be waiting another 2 plus years to see see anything happen at Marwayne more dead money. I guess we may as well consider it a write off and do whatever. I sat on sharres before maybe i will have to keep doing so despite what i said i dont entirely know yet that depends if i see it is worth it or not. I fully agree with z cut Marwayne loose focus on other things people are clearly not interested in helping better to put your time and energy in pkaces where they maybe or are