GGR ILDE from Isreal had purchased 32m shares and were issued 16m in a deal that IDLE did not complete due to their fields being dry- thus they sold what they owned. Other shared by insiders were that of previous management, including the founding ceo, disposing of their voting power. The share stucture is still great at a last reporting 186m and the focus is on India: the sale of one block for 16m and soon-to-be producing other block that will bring sustainable revs. This is all part of their SEC-accepted plan for compliance IMO. Looks like they're on track.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.