Well said, macod.

Restriicted shares are what these terrible insiders took, LOL.

You know, shares they can not sell.

Now, it seems to me that choosing to get paid in shares you can not trade is not greed encrusted behavior, is it, LOL?

Some might even say (moi, LOL) that what they ACTUALLY are doing is feathering their nest (horror of all horros) in a way that both sets themselves up to profit massively when a suitor steps in AND which does the least dilutive damage that can be done at the present time.

Like other JPM who are going forward on vapors, they could sell surface assets, couldn't they?

But guess what? They did the exact opposite.

During the last year or so, instead of a fire sale of present assets to finance the future, they have locked down nearly 900 acres of above groud acrage.

How disingenuous of them, to not adhere to the "I'm a greedy insider" playbook! LOL.

How dare they violate the theory of the greedy inside guy!

LOL

Why.... instead of feathering their own short term wallets, they take only unsellable shares!

And instead of a firesale of today's assets, they work quietly, with zero fanfare, to establish a great big footprint on the mountain!

Quote: You know, macod, it would be a lot easier to paint these guys as greedy %&#%@!^s if they would at least have the decency to stick to the boiler-plate playbook steps!

Instead, they keep doing things that actually benefit the company and the shareholder base!

How disingenuous of them, LOL!!!

In any event, macod, the facts are the facts: they took RESTRICTED, unsellable shares & in so doing, cleaned a bunch of liabilities off the books. They did logical things that enhance the salability of the company. They did not dilute the sharebase with shares they can dump into the market. Taking this set of steps makes the company better looking to a suitor. Now all they need to do is drill one or more exposed veins.

And guess what.... as of the filing two days ago, they set up a reserve of 40 million shares to use to pay past and future contractors, like, for example, drilling contractors.

Well said macod. Well said indeed!!

Imperial Whazoo