I didn’t hear him say that. He noted he’d like the share price higher before raising the additional $30 mil. (It’s dilutive, but erases the going concern and funds operations.)

“We have definitive documents for $40 million in equity. That will give us enough capital over the next two or three years to build everything we need. We're not going to stop there--the goal is 70, we believe we can get there. I would like to see the share price go up a little bit more.”