it’s very confusing isn’t it. when the company was very far from fully funded and desperately needed cash to drill he said they have enough fund to execute the program. again when the company was running almost insolvent they said ‘no worries we made pre payment and we won’t need much cash’ then bang spent 13.5m and got chased by payables - blame Taurus as you wish but it doesn’t change the fact what was stated on the quarterly is deceiving. Dave said ‘options will be in the money’… all the options got flushed down the toilet… I can go on and on about what Dave ‘said’ that possibly, directly and indirectly affected the stakeholders decisions, turned out to be lies(or stuff up as few of you believe) and potentially caused capital destruction to some.
and you are saying he is being cautious now. interesting perspective indeed…
I wonder if anyone raised questions about missing results and promised results running 2 weeks behind now, and how BAY managed to get the results out first while they were burying them on the quarterly…
AW1 Price at posting:
6.5¢ Sentiment: None Disclosure: Held
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