Vote for Cathal & Kamran1 Nov 2022 22:39
Novy
You always personally attack Mr Sattar do you miss the point that if Mr Sattar had brought those assets for £250,000 then Reabold would get an extra £250,000 ? And maybe start a bidding war you also missed the point of what his company has done if you look at the presentation his company Portillion Capital single handily saved our over paid directors from diluting the life out of our share price at the last round. He pushed the west Newton additional purchase and then again he ensured that daybreak was funded and ensured the very sale Reabold have completed today had the capital to ensure they could take victory to the point of sale he furthermore even introduced the board to hannam or advised on the sale, but the board of directors did not follow his lead and look for a farm out partner they went for a sale which was significantly undervalued he also states he is a share holder of cornerstone resources group that recently demonstrated that they farmed out a smaller asset for cash being paid upfront and development costs paid by petronas and from the revenue the company can buy back the stake in the asset are you saying we would not of had this option ? Look at the current board they overpaid themselves and not once have mentioned salaries conflict of interest etc do you forget this is the same board who also drilled the last well at west Newton and put too much completion fluid down and then Acid which glued the reservoir and killed the company’s share price ? Do you not see the new boards plan to and risk sachin and Stephen have on the Reabold if they fail and I remember i3 energy stated a 86% chance of success which was duster and the company nearly got liquidated the stock price fell from 50p to 2.5p , do you want this for Reabold ? The purposed board are saving £1.5m in costs and only £100k in equity i vote for them.
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