RE:Put your Thinking Caps onI am also becoming frustrated, but also agree that $3.00 - $5.00 in 6 months is why I am here and not for $0.80 tomorrow.
And so I am willing to wait a little longer .. BUT ..
It is time for the officers and directors of Valeura Energy to do something as a show of good faith to the long suffering shareholders.
May I suggest the following:
1.) Cancel all of the 0.25 options issued and replace with options at whatever book value is now (At a guess, $0.60 - $1.10). If they have a deal pending that will take this to $3.00 - $5.00 - $20.00 then they will be in the chips, if they don't have a deal or they don't execute, then they will not be rewarded for failure.
2.) Stop paying Directors. They have received free money over the past two years for zero performance. Have some humility and stop taking away the only asset the company has in hand.
3.) Cut the salaries of all of the officers and employees of the Company. They too were on the gravy train over the past two years. Time to tighten the belts of these cats. If they have a deal in hand and they execute they can raise their pay grade in six month when they close the deal.
4.) There needs to be a drop dead date. Six months? Eight months? But at the end of that time, if no deal is consumated then the severence packages are nul and void.
And so, let's press on, but let us also see a show of good faith from the officers and directors of the Company.
Doc.