That's exactly what I thought when I read the PR. Doesn't make any sense - why would someone short (naked or otherwise) get shares? It's always a very bad sign when a CEO mantions naked shorters in a PR anyway, let alone in a context in which it can't possibly make any sense.
I skimmed these PR's but really - what's the point, just so much gobblydeegook. I learned from the 2.25/sh fraudulent PR that GFCI likes to "play with words" and purposely mislead and hide behind poor wording in their PR's.
"Warrant Holders must convert in minimum traunches of $400,000 per gas well to be spudded. The warrants may be subject to a registration statement at the election of the parties at which time they may become "callable". If the warrants are not registered they will be become "free trading" in 2 years pursuant to Rule 144K."
blah-de-blah-blah, imho really it's a waste of time to try to sit down and figure all this nonsense out. in the end: sharholders will still get the shaft, and dial will somehow profit from this.
judging by today's share price tank job in a long string of tank jobs, nobody cares anymore anyway. the credibility of dial and GFCI was exhausted a long time ago.
one bright spot in the PR - always gives me a chuckle to see jim dial and "our plan to create additional shareholder value" in the same sentence. cue alanis.
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