insidersI invested in AOI and have high expectations (especially Puntland).
However, I don't like that the directors don't put their own money in the business.
Don't they expect to make money with this stock soon?
Only the Lundin family has a significant investment in AOI (lorito en Zebra holdings).
From Sedar:
current position(s) held in the Company Period of service as a director Number of Common Shares Beneficially Owned or Controlled (1) Principal Occupation of the Nominee during the past five years
Keith C. Hill British Columbia, Canada
President and Chief Executive Officer
Director since October 16, 2006
263,158
Currently Chairman of BlackPearl Resources Ltd., ShaMaran Petroleum Corp. and Petrovista Energy Corp.; formerly the President and Chief Executive Officers of Pearl Exploration and Production Ltd. (now BlackPearl Resources Ltd.), Valkryies Petroleum Corp. and Bayou Bend Petroleum (now ShaMaran Petroleum Corp.); various senior management positions with Lundin Oil AB, Occidental Petroleum Corporation and Shell Oil Company.
J. Cameron Bailey Alberta, Canada
Director since May 3, 1994
336,630
Mr. Bailey is currently the President and CEO of SignalEnergy Inc., a director of Phoenix Technology Income Fund, Crystal Lake Resources Ltd. and Shamaran Petroleum Corp. Mr. Bailey was previously, the Managing Director of Network Capital Inc. and President of Energy Processors Inc., an energy services company. In addition, Mr. Bailey was formerly the Managing Director of Capital Markets, at Peters & Co., a Calgary based investment dealer.
Gary S. Guidry Alberta, Canada
Director since June 23, 2008
Nil
Currently President & CEO of Orion Oil & Gas Corporation. Formerly President and CEO of Tanganyika Oil Company Ltd. from May 2005 to April 2009. From October 2005 to February 2007 he was President and CEO of Pearl Exploration and Production Ltd. From 2003 to 2005, Mr. Guidry was the President and CEO with Calpine Natural Gas Trust.
Bryan Benitz
London, United Kingdom
Director since September 29, 2009
Nil
Mr. Benitz is the Chairman of MagIndustries Corp. Kirrin Resources and Longreach Oil and Gas Ventures. He is also a former Director of Tanganyika Oil Company and Scandinavian Minerals.
John H. Craig
Ontario, Canada
Director since June 19, 2009
Nil
Mr. Craig is a practising securities lawyer and a partner of the firm Cassels Brock & Blackwell LLP. He is also currently a director of Denison Mines Corp., Etrion Corporation, BlackPearl Resources Inc., Consolidated HCI Holdings Corporation, NGex Resources Inc., Atacama Minerals Corp. and Lundin Mining Corporation. Mr. Craig was formerly a director of Tenke Mining Corp., Tanganyika Oil Company Ltd., PBS Coal Limited, Sage Gold Inc., Fortress Minerals Corp. and Suramina Resources Inc. (now a subsidiary of Atacama Minerals Corp.).