I think he'll come up with another $5 to 10 million. Warrants will get repriced to $2 or $1. Shareholders will be annoyed but unable to do anything. He will blame THE SHORT (like there isn't more than one). Buys him another year to sometime in 2015.
his plan all along has been to buy time. add a few ounces, gold goes to 5k and walla trx to whatever the hell the imagination can imagine ...... buuuut it aint the 70's anymore where no names with little gold can do moon shots. Even the big names with huge gold and huge production languish. It was a paper play and if it is to survive either they have to produce 100k a year, zero chance of that, or gold to 5k and then it might make 9 bucks. Til then its pain time and if the annual meeting is a bust its next dtop will be 2.60 on its way to ??