RIA 0.00% 3.3¢ rialto energy limited

bot selling and directors buying, page-7

  1. 876 Posts.
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    The only things these directors have 'boxed above their weight on' is repeated shareholder dilution awarding themselves millions of $ of free shares with the blessing of shareholders IMO.

    DYOR over last two years re no of shares on offer and the number of shares gifted to a board who claim its not efficient to have an independenant remuneration committee.

    All cash in the bank looks good at first glance but every cent and more is required to be spent just to keep the oil/gas tenaments it has as per their annual reports and the details around mandatory block spending requirements.

    Continued cap raising and further dilution is inevitable and it is only a question of how much and at what price. Given the current level's and amount that will be needed dilution will be substantial.

    DYOR.
 
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Currently unlisted public company.

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