CEO SHOULD RESIGN Johnathan More needs to be fired. He does not have prior oil and gas experience, OR corporate administration experience and it is really starting to show. Re-entry was screwed up, takeover hype turned out to be an empty promotion (share price plummeted and no offer 1/2 year later), resource hype turned out to be an empty promotion (missed guidance by a mile), now he is telling the takeover story from one side of his mouth while conducting a vulture financing out the other. That makes no sense. High yield converts at 20 cents with a full warrant? That is not the type of terms a company that is in play give out to investors. Quite the little story teller he is, problem is everybody knows it now and the trust is gone.
The share price and shareholder confidence has been absolutely destroyed under the lead of John More. The only way the market will give this stock another chance is if they see him gone.
It is in the best interest of shareholders that John More resigns immediately.