RE:RE:Asset Sales to TamarindThank you for sharing the thought. I wouldn't mind the share sale of the company. If it is sold under share sales, we have the same company with different mamagemt plus we have an option to either stay with the company or get out. But under asset sale, the company is left with cash, exploration assets and the same TAO management. The cash wouldn't be dispensed to shareholders. It is most likely dispensed out to management to run the company until the cash lasts. Tag oil has mixed assets of production and exploration. If they are really keen on exploring the undevelped assets, they can gradually achieve this goal while maintaing the production. I think the asset sales just bebefit the management with only reduced amount of work.
I suggenst the following mandate for the action commitee.
1. Share sales or no sales. No asset sales.
2. Election of one or two directos to look after small to medium investors.
3. Creation of Committe to assemble proxy votes of about 10 million shares.