Its interesting that ~8m options ($800k) was converted since May09. Thats enough for a well by itself.
They wouldn't convert unless they see value in the company. The piggyback options is where they will really make money in the next year or so.I can't see this been a $20m MCap company in 3-6 months.
Good luck to all holders :-)
drilling commencing mid july, page-2
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