Thanks Gassed for your post dont mind them like that.
However this is not EGO.
Not once did they consult shareholders at least out of courtesy to the shareholders. They do exist. (CTR)
Those shares could have easily have been filled in with current shareholders without most of the shares re-entering the market. Name me one shareholder that would not have put their hand for a 30% discount.
Thus the integrity of the SP would have held up and if they were serious about raising funds then the raise would have been at a much higher price.
I dont know Gassed do you miss all of this. Seriously it is very important and that is what most of us can not understand why these actions.
There is enough oil coming out of Atzam4 to cover their costs. If they were to bring it on to 300BOPD a day that would be 6.5 mil approx per annum. What funds do they need?
The SP is where it is because of the way they have tried to raise funds IMO.
With Atzam4 they were not clear with information. Now with Atzam5 the same. They do have all the equipment ready to test each zone, as it comes along, as they said they could, but no explanation why they havent yet.
These points do matter to the shareholders and the market.
If I have missed something I do apologise.
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