Pump and dump scheme?Answering your question, I can say that the same happened in Petrofrontier. It seems that the Phillipchuks decided to get their money before waiting for the results of the drilling programs, just in case...
If a remember well, ROZ has 8 millons options outstanding, with an average strike price of less than a dollar (a potential gain of us$ 8 millons to management, at current prices)
PFC has 6 millons options outstanding, with an average strike price of around us$ 1,5 per dollar (a potential gain of us$ 6 millons to management, at current prices)
Adding ROZ + PFC, the market value of stock options that management gave to themselves is around us$ 14 millons.
I just hope we are not in the middle of a "pump and dump" scheme. They would be getting money the easy way, just producing a resource report with multibillon barrels prospective resources, getting the funding for the drilling program, and dumping their shares right before the spud of the first well....