Stream Oil & Gas Ltd SOGAF

SEDI FIling

[mtsuit]

Tognetti acquired an OTC call option to buy 6486401 shares of SKO, the exact number held by CEO Kapotas.  Unusual.

[naive_investor]

CEO might be kicked out. Lots going on in Albania with Energy and Mining industry. Tognetti has almost 20% of total. He knows Stream will ultimatley pull through and thus, he has gone all-out. Hedgehod owns 4.2 million and Gold coin owns another 2.8 million. 

[naive_investor]

is he a lender as well?

[mtsuit]

Looks like he also acquired a $3mm promisoory note.  Don't know if this is new debt or an existing debt acquired from the CEO or another lender. I would like to see the option as positive.  It seems like a way to increase his investment without immediately crossing 20% ownership and triggering the requirement o make a general offer. And it also seems like the CEO may be on the way

[naive_investor]

Togentti's lending money is a good thing. I also see CEO and VP's providing their shares as security to get the loan as very positive. IMO, the sp has bid upside if they can find more gas.