directors contempt towards shareholders , page-9

Cloak,

Looks like Hadaway only has 1 other client, so Antares are its largest customer.

As for the other data, its a bit out of date I'd say.

Yref,

Yes another $4 Million's worth of loan notes issued.

Which to me reveals that the last round of presentations didn't go very well. 10% yield and fabulous conversion terms, you'd think people would be biting there hand off to get the stock.

Again the ordinary shareholder doesn't even get the chance to buy the loan notes the directors contempt for us ordinary shareholders is such that they refuse to do an open offer or loan-note rights issue to existing shareholders. We're last in the queue for everything.

For everyone

Strange that these new wells came online and yet the company needs to raise funds at this time without telling us why.

What happened to all the supposed cash-flow that was going to be rolling in? I mean we only drilled in effect a net 5.5 wells in 2013.

I suppose the true answer lies with the board of directors the company has. Antares is an oil and gas exploration and production company, yet only has 1 board member who's true field of expertise is the oil & gas industry.

We have the ex company sec, the new company sec & a lawyer.

A board filled with loyalty to the end. What on earth does an ex company sec bring to the board room of an oil & gas company ask yourself?

Look on the bright side, they'll have plenty cash now to fund their salary's and year end bonuses.

Oh what happened to the continuous drilling clause at SS addition? because we sure as heck haven't permitted a well there nevermind spudded one in 3 months.

Not long now until that all important annual report comes out.

LOTM