Yes it is. However, there are options ( Not saying I like them all ).

Issue 110,000,000 shares to FNC in lieu of money.

Hook up with PRB, they are sitting on a tuckload of cash with nothing to do.

Get bought out buy someone before Sept 30th.

FNC delays payment for a later date

Is there something else i've forgotten?

From stockhouse, doggy123 stated "Why would a complete board of insiders exercised 20 million options at 5 cent and stock trade at 1.5 cent???"

Read more at http://www.stockhouse.com/companies/bullboard/v.kwg/kwg-resources-inc#s4C2tWEtTSp5h2Cy.99

First off, they don't appear to be exercised, they were just GRANTED options. If they were exercised, that would be sending a message for sure.

Correct me if I'm wrong please.

96klite