DFR sellingThe reason DFR is falling is because shareholders and insiders paid $1.30/share, why not sell at a huge profit now. Be patient as this could fall below $2.00. Long term this could be a huge success story.
Here is part of the news release from DEC 04:
In connection with the establishment of Defiant Resources as a new oil
and gas exploration company, Defiant Resources also completed a private
placement of 6,300,000 common shares and 2,746,599 common share purchase
warrants for gross proceeds of approximately $8.2 million. The private
placement received approval at the special meeting of shareholders of
Energy held on December 20, 2004.