RE:PP#3This has nothing to do with money for Marsh. He has been working for zero pay for several months. This is to pay the drillers in the hopes they can finally find some answers at BS4. Would you rather they just shut it down?? Dwayne and Tim starting reaching out to larger shareholders just over two weeks ago to see who would be in and for how much. My hope is this announcement was only made after they had a high level of confidence in being able to close the round at the full $500K.
We can all complain that they should have raised significant money at .40 cents when they had the chance, but they didn't and now they are operating on a shoe string budget.
It was fantastic to hear they are likely to get a typhoon at Perseverance, close this financing, finsh BS4 with some decent results and we will be in a much better place.
You can bail now for pennies (what good does that do you?) or hang tight and see if Marsh pulls a rabbit out of the hat. If so this thing could run much, much higher. Big risk for potential big reward.
I will be around. JM