GREY:GRDSF - Post by User
Post by
Donranon Aug 29, 2011 10:01am
547 Views
Post# 18989029
GSA financing
GSA financingIt now seems evident that GSA's share offering was to raise their share of the drilling costs to deepen the well at QD, however because they raised funding earlier than the other partners (NKO and VST were probably still in talks) their news release had to say something other than drilling, so they said general and corporate expenses.
Management who wants to get into the action, now with higher hopes of hitting it big, issued options for themselves, financing was done at 10 cents but the options were at 8 cents, management seems to have set this up nicely for themselves.....maybe speculation on my part.