500 million, page-25

(malcolm in the middle)
I love your sense of humor, judging by your posts you are sitting on a very tidy profit if you sold now ?

I remember HDR started with 400m shares and ended up with about 1bil shares at $2.00 , just on 20% of one well.(which was thought to contain 500mBLS.

Now if far issue another 500mil shares before drilling and the well is dry, whats next 1bill shares at 2cents that's my concern.I understand if FAR had no money in the bank, it would call for desperate measures. But there must be some other forces here were someone else wants the piece of the action (another "sophisticated" investor maybe?).

I thought FAR were in a very good position with cash in the bank. An announcement with the intent to issue another 500mil shares is a huge mistake in my eyes. The market has already reacted and we are lucky to see 10 cent in the short term.
Just to note issuing more shares is just like printing money where dilution is the evil of most penny dread-fulls
If they must issue more then i would suggest a small portion at 10c make a few good announcement and issue more at a much higher price. Raise a heap just before drilling.

Just my thoughts

Chass