RNS: Disgrace . . .16 Mar 2016 07:32
with today's announcement, TRP has, imo, now completely morphed itself into the unacceptable face of Corporate greed and self-serving interest for its BOD. Having presided over abject failure after abject failure and having long-since become a 'lifestyle Cos' for its Directors', The BOD have, through today's RNS, managed to surpass even their own contemptible standards by awarding themselves 'options' over a staggering 134,400,000 shares at what I consider to represent a ludicrously low 'option price' and which will, undoubtedly further dilute long-term shareholders/investors in this Cos to an even greater degree.
In conclusion, it is both my belief and high time that the BOD of this Cos did the honorable thing which I believe is, to resign en-mass and in so doing, clear the decks for a shareholder focused and competent group of new incumbents to take the tiller of this Cos and in so doing, to drive it forward with a primary focus on developing the Company's highly prospective Cameroon acreage.