1,219,800 1.10 December 10, 2010
2,493,364 1.00 / 1.25 December 21, 2010 / 2011
142,748 1.00 / 1.25 January 8, 2011 / 2012
2,312,667 1.50 / 1.75 September 9, 2011 / 2012
318,374 1.10 September 9, 2012
6,486,953
(c) As at September 30, 2010, 3,750,000
This explains partially the pressure on the stock recently. But it does not excuse management's poor performance including poor promotion, poor financing, TSX compliance fiasco, and even lack of forsight to diversify outside of Ecuador to lower the impact of political risk on the stock (not just recently but within the last 2 years when they were just waiting for exploration / drilling permits). Mr. Salazar does not seem to be a quick study!!