If anyone has got more info please shed some light, share stats shows that float is 19.33 mil and 81.37% of the float is being held by insiders! Are these figures correct? Market cap is $9.7 mil while as per the latest quartery they have generated $3.3 mil revenue! although it has been widely spent on exploration and production. I do not have accounting expertise but If that is the case then the sp is rediculously cheap imo as there are lots of explorers out there which don't generate even a cent of revenue and just burning cash but their MC is a lot higher than R3D's.
