king oil - I acquired (adjusted for the split) 8mil shares before the split and 17mil after the split, with my last purchase in early December. I have not sold any shares ever. I have a good rapport with the CEO, and try to make recommendations regarding the best way to approach financing and related issues for the Company. Sometimes the CEO agrees and implements ideas, and sometimes he is undecided or does not agree or needs to be convinced. I have not yet succeeded in convincing the Company that uplisting to the OTC/BB or another higher exchange is essential (although I have made that argument several times and in strong terms). I think management will absolutely need to take this step in the next year or two, both to obtain financing on reasonable terms and to create investor confidence which is lacking for any Company on the Pink Sheets. The CEO needs to hear from all investors that this is important to them and not just to me. For example, many funds will not invest in Pink Sheet companies, and no bank will lend either short term or long term without audited financials. So unfortunately, the Company's financing alternatives are extremely limited now, and will remain so until management is convinced of the absolute need to uplist. I am also trying to arrange that if the Company needs small amounts of working capital in between government grants, that I have the opportunity to buy stock directly in order to place the shares in strong hands with an investor who will not flip them out into the market for a quick profit. This is the limited extent of my "influence" with management, but as I have more contact with the CEO I believe I gain credibility with him (and certainly he has gained my trust and respect).
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