RE: Investor evening23 Nov 2018 11:08
As cperkin will confirm, I very much grilled the board last night.
I suggested that it was unwise for the board to state, due to their recent share purchases, that they were aligned with shareholders. I explained to him that nearly all long term holders would love an average of around 2.5p and therefore his position was certainly not on par with the long term suffering holders. He took this on board.
I requested that a Q & A web session would be helpful in the near future, Alastair said he would discuss this with Solo’s PR company. I will chase him up on this next week.
I discussed C1 spud, cannot see this happening until around at least March/April.
The new board are fully aware of the past issues and the fact NR was certainly not CEO material. They fully understand how constant dilution has screwed over the company and a new approach is required. They are protecting our interests in Tanzania and will moniterise when best value can be achieved.
We still have a large exposure in HH and will not be selling any more shares until UKOG SP has risen.