ManagementReading the March 31 financials is eye opening. Insiders have 30MM options (out of a potential of 41MM they reserved for issuance). At least they are all out of the money and won't be able to sell into the market and pad their already generous salaries/fees.
I see all the agreements in Brazil are just about useless - now the Brazilians are suing each other to determine who controls Tocatins and that puts all the agreements into doubt. And I see that the local gov't is suing Tocatins and is disputing their purported ownership of the stockpile at the port, so EML may lose that as well.
And then there's the disasters in Ecuador and Peru. It's sad that EML paid millions to increase their ownership stake in the Ecuador properties in '07...
This company should sell it's Atomaer holdings and return whatever cash remains to shareholders and stop the bleeding. But I guess management will milk this thing until they wring the last penny out of it.