Completely out of cash and paying employees with options priced at .22 per share.

Having worked for a few Internet startups back in the day I think this is quite a vote of confidence by the staff. We would have laughed our asses off if anyone tried to give us options priced at triple the trading price, but here we have Tracy taking 200k shares at .22 to stick around.

Strong vote of confidence by the staff, and a last ditch effort by management. Now we really are in the last days of this company. If they don't get some kind of JV/Financing/Mineral strike in the next 90 days, forget it.

Anyway, just one man's opinion, and cheers to the staff for sticking it out for just a few more months.