RE:RE:RE:RE:37,350,000 SHARES FOR INSIDERS @ $0.12! Can they be trust?
Just a type o. Maximum amount of options you can put out is 10% so they can only put out about 2,800,000 options or so based on 28,000,000 shares.
There are also performance warrants that were granted at certain strike prices above and beyond the options.
All are under water at the moment which is a good thing in my books. Managment and the bod were also big buyers on the last PP at $7.50 so they are in the hole huge on this. All of that is positive in my books.
I bought more yesterday at 1.50 and will hold here and see what happens. The three targets on this stock are all at $4.00 but of course are speculative buys really based on when/if price of oil comes back. I expect this to happen sooner than later.