WGO 0.00% 35.5¢ warrego energy limited

Ann: Non-Renounceable Entitlement Offer Document, page-90

  1. 2,613 Posts.
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    Thats my point Woody.
    Who would? Not me.
    If we keep creating shares, I’ll bet there are people who will not get back to break-even if we DO find oil!!

    People want to use Share Holder Action to pressure the Board.
    Ok,
    But we need a workable solution to offer,
    Not a pitchfork bearing lynch mob wanting to burn everything down.

    I havent seen anywhere that we offerred the Drill Rig Company a position “going forward”, only that we offerred something to pay for what we had already spent.

    Sure 8% is a big stick, but when you are bent over, pants down, I think goving away something we never should have purchased is not a bad thing.

    If everyone is outraged, everyone is unhappy with situation, the only way to influence the Board will be with a workable solution.

    Can anyone see within the announcements where we offerred anything to Drill Company to start up again and take us forward?
 
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