STX 8.11% 20.0¢ strike energy limited

Ann: Non-Renounceable Issue and Appendix 3Y's, page-22

  1. 1,717 Posts.
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    Well, if you are disgruntled with the company and appear to not have any faith in the project then I suggest you dump all your shares. For me, I took up my allotment plus some and I, along with other shareholders are prepared to give management the chance to get the gas flowing at commercial rates. You will never get a 100% acceptance from non institutional shareholders in CR's. Anything over 30-40% is a good hit rate. I don't know the figures except to say that the company secured the money and we all move on to hopefully success early in the new year. If not, then I guess you will not be the only one dumping shares. Unfortunately that is the "life and times" of investing in inherent high risk exploration companies.
 
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