You're right. The SP has been sliding for the past year and many people have wondered why the directors and execs did not buy in to soak up the crazy sellers and keep the SP from crashing. It makes sense that if you are in their position and about to get access to 30 cent shares in October, why would you need to buy shares at any price above this level. You would abviously be saving your cash for the 30 cent share allocation.
The million dollar questions are;
1. Do they have the cash or even want to exercise their escrow shares in October?
2. Will they wait and watch the market until commercialization before they decide whether to exercise their shares?
3. Do any of these guys have buyers lined up already? If yes, what prices are they been offered?
Essentially, October may not bring all the action or answers to the surface but I'm sure there will be lots of discussions behind the scenes. Lets hope the founders and original true believers getting escrow shares don't sell out too cheap because this Company is worth plenty if they have a little more patience. They have waited this long, another 6 months won't hurt....
FER Price at posting:
35.0¢ Sentiment: ST Buy Disclosure: Held
