TAP, unless I'm incorrect the O/S hasn't increased in over a year. The reason for the drop was most likely due to restricted shares from previous years being sold. So to us it appeared as if the company was selling shares, (and they still could have been) but instead it was more likely previous investor(s) as the CEO had stated on this blog.
It would be nice to see a PR, but I am happy to see the O/S unchanged. Someone is paying for all these permits, business trips, etc. It is pretty obvious this is due to $$ received from the JV arrangement and not A/S being sold into the market.
If it wasn't for the JV arrangement, I would be very nervous about LLEG getting the job done. I'm still nervous about a few open ended questions that I believe will soon be resolved. (PPA, wood study, full funding, etc) I'm just not as nervous as I would be if LLEG were on their own.
Cheers!
