Welker wasn’t a signatory and it wasn’t a contract presented to the board. There isn’t anything to say yes or no to. His ownership was well known and disclosed multiple occasions.
As covered in prior announcements, to remove any question of any conflict of interest, Ranger cancelled and paid all outstanding costs incurred. X64 received a FREE drilling campaign courtesy of Vitrinite.
Give us a call. What do you have to lose?
Is it safe to assume you work at the company or for the Chairman? Maybe it’s easier to just ask them?
While you are at it, why not ask about 9.1(a) in the Board Charter? Also may be worth confirming all
prior approvals were in place for the May 13th purchase of shares by the Chairman and the company wasn’t in a blackout - we hope all approvals were sought, given that always seems to be such a roadblock to share buybacks.
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