More thoughts- CEO owns 15.6 miliion shares The float is low and shares are in VERY strong hands. Farshad owns 15,688,291 million shares (direct ownership), 615,000 options and 360,320 shares (indirect ownership). Farshad was one of the geos that looked at the properties well before everyone moved to the region. I was told that he helped stake them and had first pick of what he wanted. He took what he thought was the best one on the region! The fact that PGX management coming from their last success approached DBV for their property and when Farshad said no they settled for the adjacent property from another company. PGX did an magnetic aerial flyover of DBV's property because if one looks at the available data one can see that the main deposit seems to be located on our property. I also heard that PGX did this without permission and later informd Farshad. PGX is VERY interested in our property and is probably watching closely! I wouldn't be surprised if they continue to try to take us out.
Farshad has put everything into this. He is the CEO/President of the company that he put together. Unlike many CEO/Presidents which are directors or hold senior positions with other companies, he is only working for DBV and is working hard to succeed as this is his only option! His dream is now about to come to fruition. He is a top notch geo. Some crticize that the company doesn't have an IR dept yet. I see this as a wise decision and shows that the CEO is prudent in how capital is spent and is using it where it will create shareholder value- DRILLING! Once the drilling does the talking and the company has done a PP at much higher prices, I am sure Farshad will get a good IR rep and will start spreading the word.
I have faith in Farshad delivering. I believe that we have the best property in the region and he will prove it soon!
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