20 million shares added to the float in the last month; I suspect that any strength brought on by accumulation is gladly met by our newest round of toxic financiers, who get their shares at a whopping 62.5% discount from the average of the last 5 trading days' price and are all to happy to sell them by the million at prices that we rubes consider cheap.
I liked the story here since 2010 and I hope against hope, but any potentialpartners who are listening to Briscoe's latest pitch likely do their homework and come away knowing full well that there is blood in the water. You can't negotiate from a strong position when the potential suitor knows you have close to a billion shares issued, you've burned through nearly 80% of your OS and all you have to show for it is a chart that looks like a terminal patient record and a remaining percentage of AS that is worth less each passing day.
So pass the butter, I smell toast. Wish things were different, but they aren't, and nobody with venture capital takes unnecessary risks in unfavorable sectors unless they want to join the ranks of the poor. Maybe someone with better business acumen will pick the bones of this company and actually do something favorable with the claims.