and lets all think through the circumstances of the company 6 months ago
+290m shares were issued on a 2 for 1 with an excise price of 0.013. Wicks was originally given 1.5M options with an excise of 18 cents expriry 2011 these were replaced with 6m options at 6.5c. In May 2007 the company was struggling to survive with Kelly and Wicks both owed wages .
Remember there has been massive dilution here to get through Zeus for instance doubled its holding to +40m shares at the rights issue but saw it shareholding dilute from 18% to 9%
Sub holders often sell out at the wrong time pity the sub holder who sold 8m @ 0.025 in July 07 after holding for 2 years from 20 cents.
RAU had a near death experience as recently as May with existing holders and the Malaysian chipping in to keep it afloat. In JKs case he was owed wages his original had investment shrunk by x10 but he still put his hand in his pocket to keep it afloat.
So lets not get to carried away with Wicks getting jittery on the day of the large pull back on the 15th like everyone else
BIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
