Straightshooter, is that your post asking for verification of a share price? If it was you this is what I would say to you, just as a previous poster stated. If I'm mistaken and it was someone else this is for that indivdual. That is: what are you doing here?
You are not a newbie but a seasoned investor. When a seasoned investor brings silly questions like that to a forum I know for a fact that that person, which in this case is you, either did zero zilch nada DD or second, you are here to stir things up. You say you have an advisor. The fact that you might have a leader really makes me nervous.
This stock is worth that much just from Windfall. Don't ask me to figure it out because I won't bother doing the work for nothiing. I wasn't even in this play for DE and niether were many other longs.
We're here for the gold! This DE thing for us longs is nothing more than a pitstop.
You say your advisor asked you to put this question to the board? How a company should show investors the reason why a share price is what it is? So why the 5.50 share price? Because that is what people are willing to pay for it at this time. If you did our DD you would know this. Its all about the gold for us longs. I bet that if you have done any DD you were so starry-eyed over DE that you don't know much about Windfall.
Thats what I paid for my first NOT shares. I bought more the other day for 5.16 and am just as pleased that I got more, as I was when I got them for 6 cents.
So when a seasoned investor with an advisor suggests that a board answer a question like that I wonder about him and his adviser.
Why are people willing to pay so 5.50? Let me put it very simply. They want in before it hits 6. Can you name a company with a share price worth 6 cents which drills in 2 totally different areas and at both places the hits are so spectacular that both of these spectacular hits are called "hits of the century" ???...Don