Neither NFG or MNXNF are involved.Neither NFG or Firefly are involved in this money raising. Except for some rights that Firefly may get. Why not?
Are they just sitting back waiting for the company to fail and then come in like vultures? Or do they not see the value in this company?
8 million is significant, but really nothing.
It will take us to early 2025 in my opinion. We will get the same news releases then about near term production. But they will be broke again, and the notes from August 2023, I think dated from June 2023, will soon be due.
So, after the reverse split and when they are broke again in February. Would they be able to raise enough money to keep going, say 5 million, and pay off the notes which will be require I don't know $7 million?
It is starting to look more and more like SGNL.