RE:RE:RE:Drilling infoWow! 21,000 foot well in over 1000 feet of water is in the shallows. Ok. Smh. And why would fec dilute at 97 cents when they own 220 million CGX shares? Kind of like scoring on your own net. Nope I don't agree. I keep on talking about my finamcial accounting book. Here is what it says: new share issuance is a very common means by which companies raise capital. The other way is to borrow the money. But borrowing money increases long term and current liabilities. It cuts into working capital, defined as current assets minus current liabilties. You increase current liabilities you reduce working capital and cash flow ie. the money required to fund operations. Issuing new shares increases working capital by not increasing current and long term liabilties. It increases liquidity. It increases return on equity if the cash is invested in growing the company. It imcreases revenues and therefore net profit and earnings per share. All attractive to investors and I'm sure that CGX would love to get off the ventures exchange and into the big leagues on the TSX with a strong balance sheet, strong revenue growth and great return on equity where institutional investors would eagerly buy their stock and where CGX would have access to all of the capital that they need from tier one lenders offering low interest rates. You sound like they don't want any of this. Why? I see them as a buy and hold keeper over a long time with share price steadily rising.