Just to be perfectly clearabout recent insider sales and exercising of options. This is being done to fund the next round of drilling (I’ll bet every share of Fat that I hold and it’s a considerable sum) and any insider selling is to pay for the tax implications of doing so. This is a very good thing for shareholders as there is no dilution and it demonstrates a very strong conviction on behalf of management to further the project. Keith obviously believes in it and he knows more about Fat’s future than anyone. In my opinion you couldn’t get a stronger buy signal. Cheers.
As Albertastrong said:
I hope everyone understands why Keith is selling some shares ? When options are exercised there are tax consequences so in order to comply with CRA he has to sell some in order to pay the tax man. The rest of the money goes straight into the treasury to fund future efforts. All these options priced at the close of the day they’re announced is still far better than a PP usually priced at a discount to market with warrants. Less dilution and demonstrates managements belief in the project. Again I’ll say I hope people are understanding this.