I understand the dilution factor when making purchases or using shares to buy services. However, the BOD's compensation plan when we see practically zero revenue. What will it be next when they pay themselves $250,000 in shares at a half of a penny. Last year their compensation was at .04 cents a share. Are we heading toward 2 billion shares outstanding making my investment weaker? Greed can sometimes overwhelm common sense reasoning. Case in point..our politicians in DC.

Two things can happen with all these shares outstanding. Reverse split or company buyback of shares reducing the float. Does this play well with future investors? I don't think so until we see revenue, drilling and 43 101 as they have promised. PRs say they are moving in that direction..but we have been hearing this for years.

I was talking with a friend of mine who has been involved with mergers and is an investor. He tells me of CEOs who will take a pay cut if the company isn't solvent. Take less shares to show the shareholders he is willing to suffer along with us until the company is afloat. It shows empathy and he is in charge. PQ doesn't get that...that's why people have a sour taste about him as seen in this chatroom. However, I have to trust the process because I have a stake in this company. It's due or die...and they haven't closed the doors or filed for bankruptcy.

BTW...I won't be attending either meeting, I will wait for feedback from shareholders who are as dismayed as I am and I didn't vote on the proxy mailed to me. What for? The Quilliams stacked the deck in their favor.

Will there be tomatoes or maybe there will be champagne. I am assuming we see a PR next week on the new partner in GHDC/SFMI...time is ticking !!!