Reading the filings, below is just one of many statements confirming the company is paying stock promoters with eventually dilutive shares:
"In May 2012, the Company issued 14,000,000 common shares to consultants pursuant to a consulting agreement (Note 11). At the time of issuance the fair value of the shares was determined to be $1,918,000 based on the quoted market price of $0.137 per share."
The company appears to me to be engaged in toxic financing activies inimical to a stable or growing PPS.
I consider the company uninvestable until its assets are transferred to a management team with better capital raising abilities.
I don't disagree that they should not have got into an agreement with these people, but it was the people they got into an agreement with who misrepresented themselves. They had promised to raise 5M, and as of yet have done nothing of the sort. This is all in court documents. The co and tech are still good, it is the mofos who wanted to get free shares. I named them below.