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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Will Work for Food
View:
Post by Oregonduck on Sep 24, 2021 5:41pm

Will Work for Food

The new IR guy’s options are barely above water, but he gets all expenses including meals paid. Like working for food.

The stock did briefly pop up on Goldman Sachs webcast presentation. That guy didn’t even have to get out of bed for the staged Q & A to get paid.

The C-Suites guys are laughing silly.

Steinsberger just exercised and sold 150,000 options @$1.00. 1.4 million options remaining. He also holds millions in free-trading shares.

Granath exercised and sold 222,500 options with a strike price @$0.25 pocketing over $1.5 million for an outlay cost of just $55,000, and still owns half.

Steinke received 5.5 million shares from recent amalgamation.

and, how are you doing??
Comment by Luckboxx on Sep 24, 2021 9:11pm
This is how they get paid at this stage.  A junior explorer with no cash flow pays little or nothing for salaries in comparison to a producing company.  Most of these guys are already rich from selling Mitchell.  Cash preservation is a priority for a junior until they farm-out.  Today must be so frustrating with so little volume and even less selling........
Comment by CammerRec on Sep 24, 2021 9:24pm
As to OregonDuck's question as to how I am doing  - the answer is not that well in Recaf stock. I was hoping for much better as the good news has seemed to have petered out. They have the money and should be drilling more and better wells faster to convince us and others of how great these areas are!
Comment by allnrg on Sep 24, 2021 10:54pm
Hey Cammer how's about you take a little break from the useless , relentless posts. Not fooling many here ! 
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