French was hired through typical executive search.
There were posts such as "the new PWE rocks".
The name change was dumb as the past cannot be hidden just like posters
who were stating "time to buy at $12" have to live with that blunder.
There are now 2 large block holders, FF and Kernaghan; both on the BOD.
I dont think they can exit without a transaction of some sort occurring.
$12 will never happen nor will the $5 that Nawar doubled down at.
After they sell PROP, it is down to enough of a core that a deal could happen.
Shareholders would be much better off with an acquirer's mgmt team, maybe a dividend and the likelihood of the acquirer trading at higher CF multiple.
OBE still has far too much land and not the financial ability to drill on it.
There are shareholders on IV with massive losses still waiting for a settlement check from the lawsuits. It will be tiny and little solace to them.