Yup, but what they obviously chose not to say was that every cent decrease in BYE Share price was a negative $400k on the Metgasco balance sheet!
As for vexatious and meritless (let's assume they meant without merit) a 249D is a different corporate action to a takeover. Clearly this board feels some sense of entitlement to their role despite continuing to not deliver any uplift in shareholder value over the last 2 years at least, if not 3. I have to ask, what are they hiding that they don't want anyone else to find out, who is hiding it and why?
Gee whiz, as I mentioned before, this looks awfully like the old Empire Oil and Gas from Mr Aitken's old days, what ever happened to that?
MEL Price at posting:
2.3¢ Sentiment: None Disclosure: Held
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