For Cuts ONLY -

You are right! He KNEW they were going to hit paydirt and he did it anyway - just to dilute the shares. He loves to mess with his shareholders (not to mention his own $). What better way to bolster his ego then to manipulate his own shareholders! Glad you caught that. Most of us here are blinded by his charisma.

Cuts wrote:

Does anyone have any insight as to why Richard did the PP @ $4.00 just a few weeks ago. I'm thinking he must have knew that they were all ready to drill DE2, and visuals would be released shortly after. Waiting a few weeks would have positioned a PP @ $5.50 and we would have 2 million less shares floating around.