yes burnett, I would think that there would still be some kind of dilution or credit backed by dilution. without shareholder approval they could only raise around 1- 1.5 mil at current prices. i would have thought they would be looking for at least 10 mil to cover drilling costs as well as access there monies from Lloyds. At least its a step in the right direction. I would have thought company policy would not allow to purchase shares within a timeframe of the announcement anyway he seems to be the only one buying.
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