Thanks for the explanations guys.I am also a holder of PRWOB,...

Thanks for the explanations guys.

I am also a holder of PRWOB, but have reduced my holdings recently by 1/3. I still hold a significant amount though.

My reason for reducing my holdings is the following:

- I speculate that the large investor that holds 50% is intentionally keeping the price at 5c to avoid dilution from options.

So the best strategy would be to buy the heads now and then sell early next year, as I believe the heads will be maintained around this price and then go up after the options expire the way things are going.

I hope things change and I am wrong. But seems like the poster that made the comment about the options being just "funding insurance" was close to the mark. Now they have funding, seems the company is in no hurry to put out good announcements. Evidence for this is the director selling PRWOB's earlier this year. Mining licence 7 months later than expected. I could go on but I won't as I still believe this company will do well.

What it comes down to is ethics as these options were initially given to companies and individuals as payment for work done and initially issued as a "reward to shareholders." PRWOB's could easily appreciate substantially soon and this could be triggered by the August announcements, as there is still 5 months left. I will still be holding the bulk of my OB's despite all this, just want to gage opinion as to my above comments.