I held 1% of this company when there were only 55milion shareholders, I have payed top price up to 90 cents a share and have never sold any back to 1% + now
I am not interested in giving Directors more shares for free
Would be if they got the share price back to where it should be
Grown from 55 to 160 to institutional investors never offering shareholders the opportunity to invest ( a lot have been pissed off and sold)
institutional investors were given approx.25% + discount and sold (Directors received no back handers of course)
DIRECTORS were given 5million each 1 sold out , Damion sold some ( for Tax or is that gift tax , now wants more) and transferred other partly paid shares to super or trusts
Not that I don’t think he is doing a bad job, the deals he has made for the company have been great
Just bad choice of drilling position, it was Newport's Call and I think the other director quit because of this and sold out
Volume off trading was low until, institutional investors got hold off shares (sold for quick profit )and pissed off shareholders (no offers to reinvest sold out)
Edison value report
http://www.puravidaenergy.com.au/news_pdf/20150824_Edison_Oil-no_show.pdf
PVD value say let’s say @160million shares
Cash = ? 5million = 3.1 cents
Morocco free hole say 60 million @31%cost for 23% = 18.6 million = 11.6 cents
Hartley’s valued Gambon more than morocco in march 2015
Gambon )??? hard sell @ present of coarse guess = 8 cents
Madagascar spend (invested)12 million ? costs @ = 13.3 cents
My Total = A lot more than current
Some Directors purchased 25k each @.07 cents (wonder why)
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