RE:This BOD can live very comfortableThere is some truth in your statement.
They have had plenty of time to line up their ducks.
So, why did they not declare their new business intentions once the final amount of cash was announced?
Where is Mitchell in all of this ?
Why has he not marshalled his equity leverage by dumping the current board and provided shareholders with a definitive business plan?
I refer you to BOE and how a dissident shareholder is offering shareholders an alternative BOD and asking for the resignations of current management... See todays NR by Horizon.
Like many others, I have dumped my positions here as offering too little and too uncertain upsides.
Most of us invested in PDQ ( 23 cents / 48 m shares ) , a little known junior oil which has over $0.60 in cash and liquid securities ( in $cad ) and contiues to divest its remaing assets while retaining GORs with an ultimate upside in excess of $1......and strong management who have lots of skin in the game..
The only hope here is Bruce Mitchell.
Why has he been so silent in the deceitful way that current management has tried to misinform shareholders.
Who is standing in for retail shareholders here?
I shall watch from the sidelines.....GLTA