Noble Iron Inc V.NIR.H

Dilution vs Extinction

[mcugly]

It appears to me, having read the last several posts to this board, that this is a great company (screaming buy) whose success or even survival depends on its ability to generate enough cash flow to operate. If, as some suggest, that it is on the verge of breaking out and becoming profitable vis a vie their distribution agreements, then the fundamental concern should be how to acquire the necessary cash to continue. If Napier were to borrow $1,000,000.00 to carry them through the next couple of quarters, then it would be exposed to the possibility of bankruptcy should they be unable to pay their creditors. Inability to do so would result in demise (extinction) of the company. However, should they raise the $1,000,000.00 through share dilution of 10 million shares they would still be in a position to survive. Although dilution is not necessarily the preferred method, would it not be the least risky of the two? I do not profess to be an experienced investor like Johnny G so if I am off base with this theory I accept constructive criticism. Please enlighten me regarding this speculation. Regards McUgly