I wasn't talking about the spivs making commisions, i was...

I wasn't talking about the spivs making commisions, i was talking about the soph's and those that end up buying the shares.  The spivs have a licence to print money i understand that, it's not a casino for them.

If they don'y get the RLEOA's over the line with say about a 14c RLE sp before mid April then yes i agree it's poor management.  Otherwise the facts are they need money to keep going and they only had $3 mil in the Bank at end of December and now because the flow rates have turned out ok the forward bills have expanded in scope and size, it cost money to certify increases in reserves, it costs money to buils a pipe line and connect everything so the Gas can be monetised, they have to get Gas sale contracts organised and also negotiate financing and also negotiate any possible farm-out to maximise SH returns and minimize forward dilution..etc .......   All these things add to the burn rate and the $3mil cash balance in the Bank at end of Dec limits the companies options and just doesn't give them enough time or put RLE in a strong enough financial position to be able to negotiate a satisfactory and acceptable outcome that us long suffering SH would deem acceptable.  Don't forget any farm-out should/would likely be with a much larger company that would want to screw us RLE Sh as much as possible, they would take advantage of RLE having a pathetic cash balance to squeeze as big a percent as possible out of us.

So not only were we always going to need more cash to keep things running along and also a CR at 9c and a CR at 10.5 is better for us SH than the whole lot at 9c because we get less dilution. In my view this CR in effect demonstrates investor demand and confidence but importantly it also sets a floor for any potential farm-out partner to think about when they are considering and working out how much they can screw the long suffering RLE SH, they are the opposite to santa claws and need to be sent a message and shown a line... all imo.

So i'm thinking the CR is a much better move than what most here on threads seem to think, it could well be good management and maybe the first time i think SB might deserve is very lofty wages....it could add demand and support to the SP, it could narrow the predators options and flush em out so to speak because in 6-12 mths, RLE will have Gas contracts (upfront funds with some luck), pipeline financed and hopefully built and something called cashflow, so predators and bigger investors might start thinking this ain't going to stay at 10c much longer, we won't be able to get anymore cheap CR's we've become acustom too we may have to buy on market because SB has adjusted the price we was hoping for!..... and any farm-out partner will also have a better idea of valuation too and might offer an acceptable farm-out deal.