I'm confused why you keep saying 'dumping', when you can call the Transfer Agent right now and confirm that the Outstanding Shares have only been minimally increased? (which means very minimal 'dumpage')
I agree, it doesn't mean that he won't do this in the future, but they haven't significantly diluted the o/s, and perhaps they will not need to.
The CEO is not dumping. He was elected the new CEO after the sudden death of our 45 year old CEO the end of Aug. (I hope GEAR has "key man" insurance on Dale since he is the do-it-all guy!) The convertible notes were used to buy their share of the copper mine, not wasted on exploring for ore, administrative and consulting fees! The BOD voted down the funding and some notes got converted along with shares held by the previous shell owner.
The economy has made borrowing funds close to impossible. Our CEO is pursuing a pre-sale of ore to fund the $5 - $7M needed to return the mine to production. That kind of funding is more difficult to obtain.
News 
Market Data 
Discover 
