RE: RE: RE: compensation.. I'm sorry man, if management wanted to help the company, they would put up a resolution to liquidate it. Isn't it obvious that a company with a 3 Mln dollar market cap shouldnt be doling out millions of dollars in executive compensation per year? Yeah they sold some assets to petrominerales (below market value), but my constructive suggestion (and my suggestions have all been constructive) would be for the company to lay off all their employees and proceed to sell all their properties.
They only have 2 real assets
1. A minority interest in the guatemala oil properties that they sold to LAR
2. the committment encumbered LLA-27 Block (which according to the latest reserve report and revision, is not even deemed economic to produce from using current metrics)
The company is very weak operationally and should sell these properties to companies that can develop them economically and return the cash to shareholders.
So maybe it is time for the management of the company (and you as well) to take a class in corporate finance 101, maybe then you would understand that just by being there, management continues to destroy value.