Tuesday, December 05, 2006 11:26:13 AM
SOIGF listed $6 million as stock based compensation in recent 10Q, but I wonder if that merely refers to their recent 50% expansion of holdings/acquisition, which, theoretically would be a good thing. It does make the bottom line look bad (losses)..
http://biz.yahoo.com/e/061109/bucy10-q.html
If so one would think it would have happened right after 10-Q...
But that is old news from Nov. 9
Definately an unpleasant surprise move in pps.
If it was compensation to individuals, maybe one or more of them is (unwisely) cashing (too fast) in on open market. SOIGF apparently has around 10,000 brl / day production of (thick flowing) oil, not tar sand, which makes them better than many purely tar sand plays.
Some of these small co.s hand out stock payments to employees, consultants, vendors, in leiu of cash,one might suppose that someone liquidating would happen if the shares weren't restricted.
Hard to say, take a look at recent fin report. What would you say big chunk of stock for compensation refer to? The acquisition of additional lands or basic payouts to individuals?
Recent SPOWF News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/12/2024 06:58:08 PM
- Form 20-F/A - Annual and transition report of foreign private issuers [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 12/28/2023 04:44:16 PM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM