RE: Going down nicely/as predictedOther than your first point I don't understand what you are trying to say. All the other points you make are either neutral or very positive IMO.
The fact that insiders and friends bought in the latest financing is very positive IMO, since it shows that those closest to the company still had faith in it. Even if they were buying just for the hype play this says at least must be a good hype play. Remember, if we sell before they actually try to get this thing in production then it doesn't matter whether it really ends up being successful or not.
About your last point -- I wonder whether any of the shares issued in this financing are even tradeable yet. They usually are subject to hold periods.
If in fact you are right then this situation is no different than virtually every Canadian venture company. This is how the financing is done in this sector. If anyone doesn't like it then go to the NYSE. Whoever is selling now is providing critical liquidity to the stock, so we can have an orderly market.
Natgas prices in the US have come back strong recently. The May contract is now over US$5.50 and there is all sorts of speculation going on that we will not finish the spring/summer/fall injection season with enough gas to make it through next winter. I couldn't think of a better time to start a hype show on a coalbed methane play!