RE: RE: RE: Industry Dominance EVR will continue to sell any FMS stock they have imho. I think on their last presentation they only had $1.2m in cash (and $5m investments mostly FMS?) and a mkt cap of around $14m. They need money for DR, the 2012 drilling program there won't fund itself and they are not exactly flush with cash. A major raise at their low price would not be good for holders dilution wise, if the finance is even available in this climate and from a position of weakness. So they tread water, using FMS stock sales to keep them going in the short term imo.
Very shortsighted from EVR imo though, but there is a duty of care for EVR SH firstly. Something important to notice is that EVR may well be selling, Audet is not selling personally, i think he still has his own 200,000 or so shares, none sold. So he seems to like the risk/reward here.
Cannot see a halt to this anytime soon, get them sold out asap i say, new holders picking up at bargain prices, hopefully holding to production. IMO/DYOR.