$5million plus costs to date is imo a ridiculouly low price. The price of oil when the sale was first ann was less than $70 per barrel, it is now over $80. Could it be that stu is looking for an upwards adjustment to compensate for this?
So far as exiting is concerned, this is not possible with the stock suspended. One point to note is that the sp was dropping when the ann was made, that was not a good sign. we are in there for better or worse.
Bundy
STU Price at posting:
64.0¢ Sentiment: None Disclosure: Held