I know these options are unlikely to convey with the share price in the toilet, but can somebody explain to me what any of the board have done to receive these options?
The company has been actively trying ot get off the Red October money pit, which I read in the latest conference presentation they are still dewatering (and spruiking again even though it pretty much sent them bankrupt), the deal with Devon fell through, what exactly arte they all doing?
The latest presentation is still spruiking a Matsa processing plant and a cash flow model from 2 years ago before the huge inflation and supply issues, which had a +/- 40% error to begin with. If they actually go ahead with this it will be the death of MAT
I for one think a full board cleanout and new direction is all that can save this company, I hope other voters feel the same
MAT Price at posting:
4.1¢ Sentiment: Sell Disclosure: Held
