GREY:SDRYF - Post by User
Post by
gasoholicon Mar 26, 2019 6:31pm
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Post# 29539555
Insiders bought strong
Insiders bought strong The company has app 205,000,000 shares . According to the Q4 report the share count was stable throughout 2017 . Meaning there has been no shareholder dilution . From Jan 1 2017 to date insiders have bought 4,000,000 shares off the open market . No rights offerings or warrants or any of that manipulative , dilutive activity . The insiders included an investment fund , the CEO and 3 directors . You don't often see strong director activity like that . There were zero sales .
The 2018 numbers were almost flat production wise but revenues were up due to higher commodity prices . Production targets for 2019 are to increase production by 5,000 boepd by the end of 2019 . If that target is met it won't be a 66 cent share much longer .
This London market transfer still disturbs me though I understand the logic . My question is will there be a transfer fee to move the shares over so you're paying twice . Once when they're moved and again when you sell ? Sorry if this has been answered already .