laurel fm – continuous hydrocarbon shows , page-6

Sentiment right out the window thanks to the trifecta of BAS legal failure, self-back patting options issuance and continuation of this dud drilling program. Could justify any of these individually, but taken together, one hell of a smack in the face for holders. Congrats to management for eroding confidence. As for the options - I believe one justification was that they had a salary freeze imposed a year or so back. Yeah right - if they're already pulling 400k a year, based on performance this year, how could they even contemplate a pay raise let alone keeping the current figures! These guys better start providing some reassurance to holders and forward lolling plans to restore confidence. And personally not particularly interested in continuing this failed drilling program - start working on the money makers. Could be completely wrong, but someone said the sell side was very thin - if there was strong confidence surprised buyers didn't step in. But now will have to read the flood of posts harping on about accumulation and cheap prices - didn't see them buying in previous rounds - just more garbage hype.