statoil at the helm., page-9

Thannks Kin,

Yes, approx. $48M in Accrued tax write downs held as result of preivous management.

Also another $2.3M out in loans , along with the $700k or so in cash.

Of course, there was that lingering possiblity of if the share price was too low maybe becoming subject to takeover/buyout.

Would directors object to selling out/takeover bid...at say, somewhere under 1c per share ?

Something to consider re Directors' motivation to ensure such things do not happen and we get back above that 2c mark...........

When a Director puts his super into the firm at 1.6c per share, you'd have to think he and others would be doing everything possible to ensure the share price goes well above 1.6c.


hence STATOIL

Cheers