For BrokeThe company was 100% honest:
- they didn't need to raise money to drill
- they wouldn't fund below market (it was above) and the one placement participant purely a friendly
- friendlies would exercise options (they did)
- flow through will always be priced well above market (it was)
The overwhelming promise they made was they are funded and if that is my only worry then don't worry.
My integrity important too. Plus I think I know who you are.
The only negative in the negative report a month ago was cash. With that off the table, I could see a double from 7-15 or higher within a week as the bashers go away and we hit fair value.