RE:RE:RE:RE:RE:Q4 Results are finally out
Canceling the new options will never happen.
Between the $4.7M net G&A spent last year plus the $1.5M of G&A that they capitalized, they are a very high cost org for the small production base that they still have. Assuming they close the asset sale soon (which I think includes about 50 people on the payroll there) that may change the G&A burn.
What they do with the cash other than G&A, will be a test of management skills. The market barely gives them value for their existing cash and no value for the deep gas play.