Are those shares that the board just issued to themselves? Or are those stock options that they can choose to buy at $.01 if they wanted to at some point, like if the stock rose?
At some point, those shares will be dumped into the market...
Have had my eye on this one for a month now, not liking what I'm seeing so far. I don't believe they're being very forthcoming about this supposed contract...I don't believe they have any gold anywhere, anyways. I'm thinking that this contract is "Company X promises to buy $20mil worth of gold from us if by chance we actually have it to sell at some point."
I'll stay on the sidelines for now...but keeping my eyes open.
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