This coy are not worth following, thats why most have woken up to the fact. Their management stinks basically. They have to date had no success at anything. Spent a fortune on termite product failure, and now becoming an oiler. Now who do you think in management is expert in that field, seeing previously they focused purely on health and natural products.
The Director resignation is a plus. His association with the wrong side of the law (and I am not referring to him as a cop here) and the Kourri's as well is not good for any coy. There is plenty of detail on the public record on them, and any intended investor should be aware of their history.
Basically I see this as a mining coy. They mine investors. Stick with this and past history states you will suffer much more dilution, in order to feed a very large board of 6 people (non expert oilers) , large especially for a minnow coy with no income. The equine trials will take time, and are a repeat of previous tests with JV partner who they had a falling out of grace with. They had a better quality and accepted product then. Nothing like putting off a project to be able to continue "selling" the possibilities. Now oil is the next possibility also, to keep you hanging on.
BPO Price at posting:
0.8¢ Sentiment: Sell Disclosure: Not Held