GREY:LRESF - Post by User
Post by
Stoogeon Sep 02, 2014 11:48am
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Post# 22897171
Shares Out 53 Million and Rising
Shares Out 53 Million and Rising
With shares being pushed out for fund raising, property acquisition and insider incentives, we are now up to about 53 million issued. In addition there are options for another 5 million and warrants for 18 million bringing the fully diluted number to 76 million.
However, these figures are changing rapidly. 4.7 million warrants from the year-ago pp expired worthless on August 30 and 2 million insider options were quietly announced on August 27 by burying it at the end of a property acquisition news release as follows:
The company has issued 2.05 million incentive stock options exercisable at 10 cents per share for a period of five years of which 1.3 million options have been issued to directors, officers and insiders of the company.
It is going to take one imaginative promo to get this stock over .15. My guess is there is just too much stock out there waiting to be dumped ... including mine.