Adira meanderings re: release1.2 million shares at .05 US cents with no warrants? Could this be a settlement with Pelagic after Adira stated that it had no funds to continue? No company wants a lawsuit hanging over its head ....seems strange that no warrants were given for such a "generous" PP.
Part of Adira cleaning up its books? It has gone out of its way to take care of business during a really difficult period. IF the licenses of Yitzhak and Gabriella come to a close tomorrow then all Adira has left is an option re: Yam Hadera....perhaps one other small opt in off Greece? Not certain....
If that $60,000 PP comes from a Pelagic settlement ( actually, from anywhere, but very curious) then it is definitely a last kick at the can.
Since no one in management is receiving anything at this point why keep it going? I suppose the "principals" see some potential future with just 12 million shares after the rollback.....or, as wishful thinking goes, the licenses remain open, an investor is lined up and comes in for 3-4 million after the rollback ....
Certainly not suggesting an investment here....keeping my shares at cost at this point though...
Curious why management is cleaning everything up so thoroughly....many, many juniors don't bother....Probably just hoping that something happens as well??? I think they are smarter than that. But, who knows?