Well yes and no. If you have 100% of a project thats not going to happen well thats no where near as good as holding 50% of a project that does happen. The company could offer the same deal to previous holders as to the new guy and if 1/2 accepted then that would raise $3.5 mill. I think the new guy was given a great deal for 2 reasons 1 We are desperate and 2 He might be able to attract fresh money. All I care is that management get this graphite project up and not fold the company. As to the company price at sub 6 cents its very cheap or worthless my bet is very cheap.
NXE Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
