I wish all companies would first go to their stockholder base for funding opportunities. In most cases-they could sell the stock at a higher price, thus less dilution, every stockholder would have the same opportunity to maintain ownership %, as you see most fundings are below market trading value for the number of shares that are sold. What a sweet deal to have an option at 15 cents on this stock as more information is known about the progress of the ore body to productive status. I guess-this is how you reward your insider group with cheap stock and options. We find out about this type of program-AFTER it is closed.
You should have got that shareholder letter Wyatt. If you didn't you should call them. Offer was still open that day when I called and posted my "Talked to Strata" post. PPS dipped as low as .11 after the newsletter.
Thanks Mike. I didn't get the letter as all my stock is with two big firms and it takes a long time for it to pass through IF EVER! I've rectified that problem. Thanks again and Happy New! I think this is going to be a great year for us in this company. I'm looking forward to watching the results of Laricina Energy's Saleski Project.