RE: OOOPS - no further dilutionHi rdwww. If your last post was directed at me, I lost where I "noted" 'previous management was not worth the mkt cap for the projects that they had in hand.' Previous management was BDR and although I made a buck on them a couple of times IMO there is no comparison between the old BDR and the new OPA as I see it. BDR just got lucky and we can all get lucky now.
As I understand and recall in (correct me if I'm wrong) the NR's Opal Energy was a private company owned by Oligney. He turned the company over to BDR who in turn made it into Opal Energy, a now publicly trading company with the name change and other things as stated in the NR and with the blessing of the Exchange. I don't look a gift horse in the mouth and as the deal was good for Oligney for whatever reasons, I'd say it looks fantastic for BDR shareholders and now all of us OPA shareholders can get in on the sleigh ride.
This is not a stagnant company and things change, move ahead, get bigger etc. so I guess that maybe why they need an extra couple million. Don't know, don't care. What I do care about is their stated program and where they will be at this time next year and the year after. Good luck.
Or put another way, this is a win-win situation for all of us retail stockholders who would normally not even know OPAL existed. Deals like I believe this one to be seldom start down at this level so why nit-pick at it?