RE: RE: 32 centsI don't think management in this case has been responsible for the huge run in this stock, IMHO its been uneducated speculation. From what I have heard this group is very well thought of and are probably as completely shocked as most of us watching its ascent from
.15 to
.85 on zero news. Prior to the recent news release there has been no operational press releases since the recapitalization news in December. The only person selling is John Waddell (old CEO) he was given 12.6 million shares in consideration of the 6.3 million in debt he had in the company. He managed to sell 200,000 shares at
.32 yesterday - and no doubt he is the only one selling today.
I can't believe there is still people buying it up to
.40 today.
If shareholders actually want to see a deal done here - they had better hope the share price gets closer to
.20/share.
At
.40/share this thing has a market cap of +/-92 million and has virtually no earnings, 2 million in cash and a bunch of equipment they don't want to run.
What is the discount to market price at which a corp listed on the TSX Venture can issue shares?