game still being played, page-37

cant someone ask the management regarding why the fund is selling?
but i guess anyone would have sold if they raised capital from investors at .50cents last yr and then even after the markets rally hard the investors make nothing out of NDO..Imo if management does a raising again then they should be ashamed of themselves.. its bad enough that they dint create any value from the last raising but now they want to dillute their holdings more? i think the major reason ndo is not performing is bcoz of its massive o/s shares - 1 billion share - but then the counter argument for not having a raising is management will be really dumb if they raise capital at such dump prices so they are not looking to raise cash imo... but i think they should chase chinese and indian oil coy like sinopec and ongc to buy stakes in their fields - its extremely logically as its gonna cost less as the fields are a lot closer to the refineries as compared to the middle eastern fields - and also ongc has a habit of overpaying for overseas assets - its gonna be so much fun if they get ongc as their partners but who knows what the hell jocot is planning.