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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by letsbefriends1on Feb 04, 2011 5:19pm
206 Views
Post# 18078965

RE: News

RE: News

Saturn - I know you're optimistic and hopeful that the share price will increase, but you can't view every single event as bullish. 250,000 options is minimal and makes me wonder why they didn't issue them last week...

That being said, they can't be dumb or ignorant enough (well, I hope...) to know the negative effect that constantly issuing options without doing anything noticeably positive has on shareholders. My only theory here is that they know they will be doing well enough later in the year to erase a lot of the badwill they have created among shareholders with long positions and that they want to reward themselves without assuming any risk or putting up any personal cash (which I think is absolute BS).

I think it's time to put this stock in the "check-again-in-spring" category because there's no point selling but it likely won't move for a few more weeks.

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