i could not have said it better
option issues are the worst form of capital raising
the reality is if someone kept all their "loyalty options" and everyone exersized the options
it would be a zero sum game for that person
however if I buy some options on market without having any heads and everyone exersized the options
i would be a long way in front of any "loyal shareholder"
in fact i would be taking a bite out of every existing shareholder
even if the options are out of the money i would be well ahead as long as i dont over pay for the options
maybe BoD keeping the shareholders happy so they can keep thier jobs
after all it is the geology that will tell the story
and BoD are well placed to make a name for themselves if the geology is half as good as most think
the geology looks good to me
maybe if i get on the board and lucapa starts digging up monster diamonds everyone will say im a legend
LOM Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
