Dead Speed Ahead
Stock ain't going nowhere pending the crystallization of the PP with shareholders' approval...The latest audited year-end statements ending Dec. 31, 2016 show that the Company has "quick assets" of about US$2 million and no long-term debts. There are 34 million options outstanding incl. 27 million options exercisable at the weighted average cost of 4 cents...Good incentive for Management to pump up the stock or sell the Co. since they would be enriched...It is also interesting to note that out of the 10 million warrants exercisable at $0.15 in Dec./16 and Jan./17, only 2 million warrants were actually exercised for $300,000, the other 8 million warrants were left to expire worthless by warrant holders. I believe the Co. held it down at around $0.15. If they had wanted to they could have pushed the stock price up to over $0.20 to entice exercise. I speculate Greenstone was working on this latest $16.5 million deal and the Co. didn't need the extra $1.2 million from all those warrant holders. Call me a cynic.