Oceanic Iron Ore Corp V.FEO

What this means

[Swl1896]

I would guess that this is an indication that Dean and crew are planning for the future with FEO.  They will be converting their debentures at some point and turning this into a going concern.

[IsThatYouDaryl]

Dead money for most here for a decade and yes it was a proven deposit way back then.....I think with insiders controling most of the float my guess over 80% that these guys might just make a offer for the 20% they dont own go private and sell it that way.....Offer retail 20 cents many might take it now.....SAD that they have not had the smarts to do anything with this project......They do have

[Swl1896]

I think the insiders and friends hold almost 95% when all the debentures are converted.  There are very few retail shares available already. I still think it's a timing thing with ARTG.  When ARTG gets sold Dean will put real energy into FEO.