It ultimately us a corporate governance and accountability issue. Yes, it's clear that Otto is participating....but I want to see that the leopard has changed its spots. Shareholders deserve an accountable board who understands and respects shareholders. To not be marketing the company is one thing, but not having any announcement regarding the spud of a potentially company making well....well, that's another thing entirely. If they didn't have an announcement cleared, they should have been in a halt. The share went up 30% on no ASX news....looks like an anomaly to an outsider, until you realise that price sensitive information has been disclosed via Pantheon and not relayed via the ASX. It's totally unacceptable behaviour by the board. Pre clear an announcement or put it in a halt. Not too hard, is it?
Talitha-Alaska, page-553
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