Can't be certain who it is but I would have to assume it is issued shares for services or the oil investment. I don't like dilution any more than anyone else but if is a means to a better future here then I can tolerate it. Hopely it all pans out and revenue will come in to stop or maybe reverse the dilution. Still worth the risk here IMO but too risky for some. Ah well... to each his/her own.
Are we to be concerned because someone sold $6,000. Doesn't bother me any.
Of course the company has done terrible up to this date and I would be the first to admit it (and my brokerage account will testify). However the fact that the company has changed focus is not a concern to me and in fact I take it as a positive move to attempt to create revenue that the company has really never earned. If what you have been doing hasn't worked look to something that might work. This is the sign of a competent forward looking leader that the company has been needing for a long time.
I understand your frustration. I'm right there with you as well as anyone who had held this ticker for a while. It seems that at this point giving Mike a chance to turn the company around would be warranted. It seems ludicrous to judge this new person who has only held the new position for approx. 2 months. Hard to make miracles happen in just two months.
At this point I am forced to hold the ticker due to negative equity but since the negative equity is already there I as well as anyone else who has held this ticker for a while are at the mercy of the new management.
I would only add that if you hate the tickler so much and you do hold now why just you don't sell your shares and then you would have nothing to complain about other than that you had lost some $ which is the risk everyone in the market takes.
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