RE:Bloated Kognitive Executive of 24 !!!!!!We are trading below net net. That's why I am here. I see they are doing buybacks currently that is accreative. I think of this thing like Business Development Company. Seriously. Africa Oil is a good place to invest the cash. Go to 5% plus and call the special meeting to replace that BOD.
IF the Middleman's don't want to do it, then maybe we replace them. I am in favor of some more diversity on this BOD. A few more outsiders. These people look OK and have some skin in the game, maybe they can find something better than Africa Oil.
I am not afraid of the commodity price risk becasue you can always hedge it easily for the 25K BOE a day in the forward market for 2-3 years at these volumes there is ample liquidity.
Africa oil has lots of net cash on the balance sheet now to help fund the Buyout. Aimia has enough cash to buy 10% easily in the open market and then bid for the rest. Or just call the special meeting to replace AOI BOD.