GREY:RGVNF - Post by User
Comment by
Monedas1on Nov 02, 2009 12:24pm
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Post# 16444461
Regent Management and Shareholders
Regent Management and Shareholders
Zingzong and MyNext Million are right in indicating that Rev Management needs to communicate what is occurring to shareholders through press releases or Sedar reports.
If in fact Rev management is worried about a take over attempt at the Annual Meeting NOW is the time to communicate with shareholders. Without any response or interest from current management, why would any one expect shareholders to care who controls Regent? Seems like any change might be good for us because things can't get much worse - no new while the resources of Regent are slowly drained.
New management might make Wolfgang pay cash or declare EuroGas in default and cancell the current option for EuroGas to acquire 45% of McCallan. New management could then sell our interest to a third party?
So, Rev Management, tell us what you can in terms of the following:
1. What is happening with the deal with EuroGas. Is Wolgang paying Regents the $3 million in December. Are you accepting EuroGas stock rather than cash? If you accept stock, the price should be well under the current market price (20% less) given the continual delays.
2. What is Regent's strategic plan to acquire assets if we get cash.
3. What are the outstanding issues to be resolved in the tar sands deal. You may not be able to make the specifics known to the shareholders but you could indicate the timeline and potential as part of a strategic plan.
Again, without communications with us, why should we care who controls Regents and support current management???? Tell us something, anything before the Annual Meeting.