I received an email from the PR guy at Intrepid in response to my questions about this latest filing. Below is his response,
"That is part of an original filing that went in 16 months ago. We should have registered all the authorized shares (poor advice on the part of our legal people) when we did the filing back in 2005. We are not putting any shares to Cornell currently nor have we been since late June and we have no immediate intent to sell them any in the near future. Because we are in the 30 day quiet period prior to the release of the 10K annual report I can not make any forward looking comments on future financing or projects but I can say that we are in the best financial shape that the company has ever been in."
Steve
If you find yourself in a fair fight, your tactics suck.
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