There is a huge, huge flock of (presumably all wealthy) Richardsons, so I thought I'd at least help get them into rows for us so we can see who is throwing dollars at this thing.

G. David Richardson - Director of KXL, huge shareholder (getting up to 10% e.g. 1/2 of Sprott), spent $673k of real cash yesterday buying shares above $4. From Businessweek, this is who he is.

Hartley T. Richardson - "consultant" to KXL (presumably in getting them lots of PP cash without any warrants or options), was granted 500k options just now, and they exercise at $3.93, over a goodly period of time. From Businessweek, this is who he is.

(Also noted per previous poster, together with Hartley options granting, Hercules drilling got 40k options on same terms)

The Richardson clan is a huge, old, moneyed, prairie clan (hey, a town named after them) and it's likely that many more of them own KXL, but aren't required to report (yet). A good source for them is the 2007 Ducks Unlimited annual report, which details some of the following Richardsons as financial donors:

Board of Directors (of Ducks) - James A. Richardson, Winnipeg // donors - G. David Richardson Vancouver BC (KXL Director), Hartley Richardson, Winnipeg Man, (James Richardson [investing]), the Richardson foundation, James. J. Richardon Tallahassee FL, the Siobhan Richardson Foundation, the estate of James Richardon Fish, Calgary, Blair and Sharon Richardson Oakville, George T. Richardson Winnipeg, James Richardson International (Ltd. Co.)

And there are more if you look up Richardsons on http://www.jigsaw.com or the businessweek site I provided in the links. Why am I doing all this work for you!? I'm wondering, but I guess it's because because I found the Richardson situation so confusing already.

The bottom line is that the Richardsons are throwing money at this thing and paying about $4 a share, whether in the open market (G. David) or via options with an exercise price at about $4 (Hartley). So nobody is getting a bargain on us - they are committing to paying real money, at today's pricing. That is a flat out statement they the Richardson clan consider $4 "real cheap."

When I see James J. Richardson in Tallahassee and Siobhan Richardson and Sharon and Blair Richardson buying in the insider reports (they well own KXL already), I will be even more positive. They don't have "Rich" in their name for nothing!

When I see James Richardson Fish, Calgary (or the estate of) return from the dead to buy in, I will REALLY SIT UP AND TAKE NOTICE!!! :)

P.S. I have a soft spot for the Richardsons and can't really begrudge them some KXL $, as the original Richardson Greenshields brokerage was my first brokerage a few decades years ago. I do believe that they kept all of my money too.