opps issue

As stated by SGONI (14/12), the GRV option issue means a further class of share to an already illiquid stock. But, you would hold GRV/ESMCA because you believe in a rosy future for oil shale, wouldn't you? ..... not just to trade up & down. And with the placement of a line of stock last year @ 40c, this option issue is a way to give shareholders an increased stake at essentially) the same 40c placement price. Seems good to me, though (unfortunately I hold ESMCA, not GRV! With the recent GRV market price around $1.10, the option issue is good value (for GRV shareholders) A share issue at 40c (or 70c = options paid up) would have brought the share price down.