"I think it’s a little thin to explain this by saying he is looking for operating funds for after a deal is struck."

I did not say, "...after a deal has been stuck."  Whether or not a deal is done, operating costs will continue, and we should not expect that a deal, if it happens, will include a cash infusion.  That happens sometimes, but almost never on a blind/nearly blind target.

"But if it is true there are deals in the works- shouldn’t he be concentrating on consummating those deals- giving them his full attention before worrying about what happens after those deals."

Again, I was not talking about "...after those deals."  In any case, I don't see that a deal or deals have to be so all consuming as to not allow JB any time at all to think about and plan for other projects. 

Just my humble opinion.

VP