RE: RE: Jennings cut forecast to $4 from $5.50
Nice Picture !!
Cut also due to dilution and slightly lower production
Jennings mentioned the stock option grant and bothered to highlight the fact that the options were granted below the closing mkt price of that day. A big NO NO - options should never be granted in the money - always on the closing price on the day of grant.
Nothing new from the quarterly release other than the options grant which I beleive pissed people off and may have led to the price cuts.