csg play. will bg make a t/o for wcl now., page-9

Hi there Brunette-two,
i agree that there are few WCL shares on issue, and few freely traded, but it was a similar situation with PES. With PES i think there were about 55% of PES shares tied up with Sheel/Arrow and Directors, yet that did not stop Arrow from making an offer.
In fact, it can also make it easier to get an offer if control of the company can be acquired by only having to deal with a few s/h.
yes the Options are starting to look better - about time too.
i think it will only take a good announcement in the New Year to get the options back in the money.
The important thing to me is, that if the options are exercised, that WCL will get an additional $15m - that will come it really handy to extend the drilling program and prove-up more reserves.
cheers