There was not only 186 million shares issued to the Steads, but also Series A and Series B with no explanation for what all of this is for. I choose to trust the company, but would really like to know what is going on with the structure. None of this has hit the trade-able float at this time and hopefully a lot of it will be cancelled before the restrictions expire.
The move of the claim from Ken to KAT shows that there is movement going on behind the scenes. This is something that I am sure was done for a significant reason. Again, we will eventually find out what is going on, but we wouldn't know anything about it except for the great DD done by people on this board.
Nothing goes straight up, and I realize that. Having been through the rise and fall at .09 and now again to .24 we had retracement to higher levels than before. The market makers easily walk this down on low volume days.
Personally I have taken enough off the table to ease my anxiety and I can ride free shares. I won't be happy if there is a huge retracement, but will not be jumping out of a window if that does happen. I still have a large enough position to realize significant gains if the properties show the reserves that we think are there.
Yes, I am frustrated that the company has not kept the investors advised of what is going on. A simple update indicating the trenching has begun and an anticipated date for the drilling to start would be enough. With the assault on the stock earlier this week and no statement from the company, are we to shrug and so "so what"? I find it hard to believe that they are so restricted by agreements and gags that absolutely no news can be released.
I still believe in the company. I also reserve the right to be frustrated and to voice frustrated.
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