Post by
Want2Cit on Sep 28, 2015 10:04pm
What do they have left?
So Spyglass sells Dixonville to help pay down their debt. What do they have left? Dixonville is one of their best areas. Even if they do have any money to do anything, what are they going to develop? They have proven that they can't find oil in the central region which was suppose to be their big under developed area and the gas in the central area loses them money every month. They have nothing left in the north and no where to go in the south. Maybe they shouldn't have spent money like a drunken sailor when they started the company. And what is going to happen with the 5 directors that supposedly resigned? is the three months not up at the end of this month for the Human resources to decide the next move?
Comment by
Kherson on Sep 29, 2015 6:34am
You may want to read Spyglass's August 12th NR under the corporate governance update section! It would seem that the BOD has completely ignored shareholders demands. Sadly, the ASC has yet again failed to enforce it's own rules! Kherson