RE: RE: RE: support by major shareholders Honestly you wanted to be taken out at .85 cents ??? Would it not be better to stick with this until the first gas at Breagh and then decide what to do. They managed to qualify for the bond and you know that the DD that was done to get 200 million at that time must have been rigorous. I think that investors are missing the boat on this one I have traded this company since 2006 and followed intently as it has developed. Yes mistakes were made and yes it would have been nice if everything went to plan but how often does that happen.
Those who follow this know that the stock price was initially hammered as a result of the Romanian government trying to pull a fast one and denying their licenses. Followed buy the beginning of the delays at Breagh. Followed by the failed capital raise at ridiculously low share price. Romania was dealt with to share holders benefit no rally, Breagh seems to be in the home stretch no rally, and they rightfully pulled the share offering that would have been dilutive to us all.
Today, trading well below net asset value and about to start collecting revenue from long over due Breagh field, no longer on the edge of financial collapse by way of short term bond issue. I have a interest in this so I am not without bias but how can it be better to be taken out at .85 cents?
One more thing, the share holders have already paid for Mike Azancot to learn the lessons that admittedly he should have learned before being in the position that he is in. Unfortunately, he did not foresee the lack of preparation on shore at the processing plant that was to take the gas from Breagh. Should we not stick around to see the benefit of a CEO lead his company with the knowledge we purchased?
Just saying!