Hi, Does anyone knows why the management be rewarded (with...

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chand

3,675 Posts.

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01/07/14

17:01

Post #: 13596226
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Originally posted by Sdaji ↑

When was the last time you saw me singing management praises, AgAu? Ever? I wasn't even speaking with confidence when everyone else was saying PYM was of a 100% sure thing, in fact, I was openly arguing against that belief. I have also been openly critical about PYM's management.

Even ignoring that, this is a completely different kettle of fish from the context of my quote. On one hand you're talking about prospecting, on the other you're talking about unrealistic claims about unrealistic technology. In my eyes one is a risk, the other is certainly failure (though make up your own mind). Perhaps Justin is completely lying to us and believes there's no hope of a successful well, but while I do have doubts about their abilities I believe they are doing this because they think there's a chance we'll strike oil and do well. It's not peddling Disallowed to shareholders.

I'm flattered that you would follow me around by the way!

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Hi,

Does anyone knows why the management be rewarded (with approx 10% of company fully diluted) for such a dismal performance.

I know that these are options and they still have to pay for conversion. They are having an each way bet - the drilling program is dud - no skin off the directors. The drilling program is good - they clean up the company.

This should be stopped

PYM Price at posting: 1.0¢ Sentiment: None Disclosure: Unspecified
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