OTCPK:VREYD - Post by User
Comment by
filefishon Mar 03, 2020 6:39am
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Post# 30759592
RE:Lack of proper hedging
RE:Lack of proper hedgingRegarding B of D - I should say they lacking in their fiduciary duty to the shareholders rather than suggesting that they might be stupid.
filefish wrote: Are the TOG Board of Directors gamblers or just stupid?
Company" stated objective is to be dividend sustainable. They had plenty of chances to hedge an appropriate % of production at WTI 55+ for the past year to protect the dividend at .025/mo. Just dont understand why they didnt. I know 20/20 hindsight is clear, but I do belive their lack of any action on this needs to be met with investor reaction. Mine will be to vote my 110,000 shares against each Board member . Message needs to be sent. Hope others will also act accordingly.