When the mgt came on board last year they gave themselves a great option package at the time which would have seen them fund approx $30M between 2008-2010 if they converted the options that they had given themselves at a very generous exercise price.
This fact was attractive to existing shareholders (obviously).
They canned this (which is their perogative) after the "GFC".
What they did was then arrange for capital to be raised at 18c in a market that had the sp at 40c.
Now, they have raised capital at 40c (WHICh IS 4c in the "OLD MONEY".
When you wake up and smell the coffee SUNSHINE you will realise that the only people making money on RES are the participants in these low ball capital raisings not the idiots that hold shares for longer than 2 months!
RES Price at posting:
52.8¢ Sentiment: None Disclosure: Not Held
