The one flaw with that theory is if any management did purchase the loyalty options, no shareholder would know about it until after it was published and that would be well after the close date to excise the "Loyalty Options". So I can't see much purpose?
Anyway the target of $5.15M was not met, less than 100k so they were counting on this to get to producing and also wanted another $5.15M with the "Piggyback Options"
What's the bet the financial "transaction" related to this trading halt has a figure somewhere between $5M and $11M?
They also need funds to pay debts so may even need more to make their balance sheet look like they can continue even though debt levels will also increase.
I remember in the last quarterly they dedicated one line to state something like "improve their financial position.
LOL
CLZ Price at posting:
1.6¢ Sentiment: Sell Disclosure: Not Held
(20min delay)