It's funny that Carp brought up Insiders because I was just going to do some math to see how they were doing now after they just averaged down by pumping more money into this thing. Here's part of his rant : " Nothing aweigh/afterburnout can claim doing. Because he is the lowest scum you could read or follow. Just to clarify...the insiders are the ones that make money because they are on the inside. Not you! Does that make sense. Do yourselves a favor and stay "AWAY" from this clown."
Now as we all know the Co. was financed @ .15 and I believe most of the money came via a couple of hedge funds and a couple of wealthy oil and gas guys one of which owns or will own almost 40% of the stock outstanding on a fully diluted basis.
So if their cost base is .15 a share and they just averaged down for the same amount of stock at .015 per share their cost base is now .082 per share which is 4 times the price that we can buy the stock for today.
Wow, so according to Carp the Insiders are the ones making all the money even though they need a 400 % return from here just to break even !
Clearly the guys a rocket scientist !