Adrian Hargrave, CEO of SEEEN, explains how the Company is now funded through to profitability. Watch the video here.
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I propose we replace POQ with an ATM that dispenses FOG shares. It would cost way less than the $500K we pay him annually while getting the same result.
The salary of execs is part of this game and was always on show. Ive seen many a company fail that paid its execs to the end. As sour as it might become, you have to suck it up if you want this type of investment opportunity to exist in the first place
Too late for that. We ride that horse that brought us. Negative chatter does nothing but focus on the negative. When an offer comes, you can bash/cry/cheer/celebrate/ect. We all will react differently given the share price offered, and how we are all positioned. This constant "remove POQ" sentiment won't happen. Smile, and look forward to your return on investment.
Tda4falcon: Wise words to this board - I only wish some on this board would read and understand!! Some need to put on their big boy pants and deal in the realities of Falcon or sell and move on to their more perfect investment.
I'm not ecstatic about our current situation but it is what it is so I either accept it and change my expectations or sell and move on. Pretty simple really. Whining and crying about an investment doesn't help anything or anybody.
The reality is that going in at 5% or 22% might affect our sale price but it has nothing to do with our current share price. Tamboran are in the crapper too at 16 cent Australian and they picked up 50% of our 17.5%. theses next 6 wells sound like they are going to be the most expensive wells ever drilled in Australian history let alone the Beetaloo so being at 5% will have saved a lot of dilution whether you like POQ or not. It might reduce the final sale price but I'll bet it's likely to end up being a similar figure for us all at the end of the day. Like 500m offer at 1bn shares issued vs 1bn offered at 2bn shares issued. I know we keep saying it....wait till the next well. But let's face it all wells up till now have drilled and managed by numpties. We now have a crack team who have drilled a successful well albeit a shorty. It's enough to put us on the map but until we drill at least 6 wells in a row with decent flow rates that hold over 90 and 120 days no one is putting a decent offer in. The positives are the flow rates off the shorty were great, the fracking experts want in and bought equity and that is massive as they know rock, and the rig company also bought in for equity which is great and we have a decent team at the helm so while the share price is currently crap (and to be fair that's understandable) things will turn pretty quick if the next 6 wells stand up the geology. And still we wait for the bus to come.
Big boy pants…..too funny. Same crowd of jokers pumping this stock forever. If I had a $ for every word WW has pushed out about FOG on this board I would be as rich as Poods. : )
Margarita Man: And if I had a million dollars for every positive contribution you have made to this board, I would still be dead broke. If my comments fits, be a big boy and wear them. If not come up with something positive rather than whining and crying about something you are obviously not going to change.
Yours Truly - Wet
I think you nailed it.
I thought I would mention while, slowly still adding to my position, this last financing in part is the result of our “yesmen” board of directors. POQ has done a few good things, but inherited the only decent part of the mess Bruner left behind with the exception of a great property and 2 unknown ones.
If POQ had listened and done a financing years ago when FOG traded above $0.25 and the board realizing POQ and themselves basically “caretakers “, there would still be funds to have completed our full commitment in my opinion.
POQ has an appropriate option incentive that potentially rewards him if Briner’s contributions prove salable.
I suggested he be compensated at about $200,000 for the couple weeks a year he needs to work. Ann is fairly paid for, like POQ caretaking her area of responsibility. In the end our board of directors whose compensation is an enigma to me hold responsibility for where we find ourselves now.
BS with brains and deep pockets and those of us with no other real choice, can only sit in horror. POODS