Ann: STX: Walyering update & implications of success, page-48

I don't think people selling heads to exercise options and selling a few more heads is manipulation. It's smart. Many of these people will end up with large free carried positions.

I take heart from the fact that despite the large volumes the share price is not tanking towards .005 (as one might expect in the absence of good news). It means there are new investors coming on board, and profit takers are holding on to some shares.

Wait for the options to be exercised, look at the new Top 20, and judge then.

Also, while it would be preferable to be raising capital closer to the current share price, the money coming in through the options is fortuitous timing, given they will be in discussions with Strike about a follow up drill and perhaps even securing long-lead items for production. Much better to enter these discussions with Strike (or a third party) with a few $millions in the bank. I.e not with begging bowl in hand. Also means risk of near-term CR (and associated share price discount) is greatly reduced.