What Happened? Despite endless pumping, the deal finally settles with a 10 cent dividend to shareholders and the rest of the cash (which does not go to the KRG!) into company coffers to fund some undetermined adventure in Africa?
Well, the management went through almost $45 million in Kurdistan with nothing to show for shareholders, other than the 10 cent dividend.
An, do not forget the looming threat that if shareholders do not approve this, the krg will take the concession back and thank you all very much!!
The few, who have been labeled bashers, seem to have been alot closer to the mark than the countless pumpers who really never could provide any creditable facts to support their wild speculations.
For me, I'll take the dividend, bail on whereever the sp lands at that time and then say goodbye for good to any forbes company investment. Shareholders deserve a creditable audit about what happened in the last 2 1/2 years?
JMHO