Financing... What is the deal here? The stock is already trading at a 40% discount to cash value - cash which the company can't seem to find anything to do with and they are further diluting the company? In fact the insiders are diluting the company with no indication of how the proceeds will be used?
Been a shareholder for a while but somewhat lost interest when the Qc shale gas business hit the dumps - this press release with the financing buried at the end happened to catch my attention.
So they create a barrier to change with new by-laws and then they further prevent positive change with a dilutive financing to insiders so the insiders further insure control...