CANACCORD - DILUTION THE SOLUTION Looks like Canaccord has already factored in CGX issuing another 40M shares at
.50.
https://webcache.googleusercontent.com/search?q=cache:DkKosFDsKmgJ:https://research.canaccordgenuity.com/_layouts/researchnoteviewer.aspx%3Fpubid%3D77326+canaccord+cgx+energy&cd=1&hl=en&ct=clnk&client=firefox-a
Look, I am huge fan and extremly positive when it comes to the Trans-Atlantic margin theory. With Jaguar in progress and Tullow in the mix - you can't find a better wildcat (basin opening) well to participate in the world right now.
Unfortunately, shareholders are still trying to pick up the pieces after the company lost 2/3 of it value in one day.
I really wish CGX would re-post the AGM video from several years back where there was a shareholder protest in reaction to the unreasonable amount of stock option awards that were granted to certain members of the board and management. I'm telling you - if you guys saw this webcast your draw would drop and your perception of the board would change.