Of Course he is, that's kinda funny. They are not turning a profit from the Oil business, No one will loan the company any money, their assets are as illiquid as assets can possibly be, so all shareholders should be fine with 1.5 Billion shares O/S - it is either increase the O/S or close the doors, so of course he is fine with it. haha!

What else did you expect to hear from a Treaty insider and shareholder? Do you look to company insiders for all your investing advice?