Gents. Here is a morning thought for you all. The rights issue timing is very interesting. The latest time for the AWE decision (and TAP) to go forward and drill is 24th Oct (some on this forum say 17th October and you may be right). The rights close before this date and.... here is the rub.... the Directors have the right to place the shortfall.
So your executives working for us shareholders are asking us take a risk: If we take up the rights and the AWE decision is no go then we are left holding another large loss. The shortfall is not placed
It we don't take up the rights and the AWE decision is good then the directors can have a risk free profit placing the shortfall and options to friends and associates. Don't believe this will not happen.
So use your brains and see what is going on here. Again we are being taken as mugs.
The smart shareholders have voted with their feet and started exiting this stock.
Gents. Here is a morning thought for you all. The rights issue...
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