Reconnaissance Energy (Africa) Ltd V.RECO

doug allen's retirement

[grenouille]

i did a quick web search, and couldn't find doug's age, but his pic looks like a man on the senior side of middle age.
IF... i were that age, and in posession of the kind of money he apparently has,  retirement would definitely be on the menu.  i would spend my time doing what pleased me, not some corporate structure.  i don't know what kind of interests doug has - fly fishing?  travel?  chasing women? collecting ming dynasty pottery?  ...whatever.  i certainly wouldn't be wasting my time chasing more millions when i already had several mil.  i would wind up my committments and head for thge horizon.

[NFKRS17]

It does not make sense.  First, the fellow was hired just a few months back.  Surely they knew his age back then.  Second, the announcement came the very next day after the warrants expired.  It would be a huge coincidence if his retirement date was the same as the warrant expiration date.  Third, from his Linkedin profile, I am guessing he is less than 65 years of age.

[Hiddensecrets]

Doug is 62, see link at bottom of the page.  He is too young to retire. His retirement is a strategic move to circumvate any appearance of improprities after having acquired 700,000 shares while holding a critical position in the company where he has access to all insider information.    It did not look good for RECO to have someone on their payroll loading up with information to

[Chas15]

62 is too young to retire???? Damn haha. 

[Banker67]

I am 69 but I would still be working if not for illness. It was no longer about money but the great relationships I had with both clients and suppliers. I never was much for winter vacations. Canadian winters have also been warmer and not as long. Any way, I have friends that just wanted to get away whether that meant winter months in Arizona or Florida or, until this past year, taking an RV into