Trade at cash value; cash burnrate, option, upside potentialCurrently KRN is trade at cash position ~12mm
Cash burn rate is about 1mm per Q
Option issued in my opinion is reasonable.
BOD options may "somewhat" influence their decision/interest, decision making process for their own shares/option or for all shareholders. Some members has really low holdings which makes the options has higher influence.
I like the chairman's comment in Dec:"will update in the New Year", for me it means "something is on going." We need out of box thinking but shouldnt lose focus.
All in my own opinion. I hold a large position (didnt sell at last run up to $4) and still accumulating . Believe the huge upside potential in 2018.