"1. The initial timetable was far too optimistic considering the number of parties involved."
I disagree, IMO this delay will be short.
"2. BOD are too focused on the deal and have neglected to report production figures. I do understand that they are not required to do so unless there is a material change to the forcasts that they have already provided."
I would have prefered to have more regular updates too, but I also understand that they have a lot on their plate ATM.
"3. I have suspicions large holders are trying to negotiate funding/financing for the DOCA on new terms that may have a bigger dilutive effect than the initial terms."
Whatever the terms, current shareholders like yourself will be able to participate on the same terms as the large holders as was the case previously and as reported from the meeting.
AUL Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
