Thats my point Woody.
Who would? Not me.
If we keep creating shares, I’ll bet there are people who will not get back to break-even if we DO find oil!!
People want to use Share Holder Action to pressure the Board.
Ok,
But we need a workable solution to offer,
Not a pitchfork bearing lynch mob wanting to burn everything down.
I havent seen anywhere that we offerred the Drill Rig Company a position “going forward”, only that we offerred something to pay for what we had already spent.
Sure 8% is a big stick, but when you are bent over, pants down, I think goving away something we never should have purchased is not a bad thing.
If everyone is outraged, everyone is unhappy with situation, the only way to influence the Board will be with a workable solution.
Can anyone see within the announcements where we offerred anything to Drill Company to start up again and take us forward?
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- Ann: Non-Renounceable Entitlement Offer Document
Ann: Non-Renounceable Entitlement Offer Document, page-90
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