As if anyone would really over a convertible at 8p, just to entice people to buy that's all. If someone bid 10million for the company would the BOD sell?
Can anyone understand why anyone would have paid 300% more than the current price for the last placing at 3.5p... complete madness. Company did very well to pull that off :)
Hopefully next year the oil price will rise and we might see a sentiment change to oil stocks. At the moment fair mcap is probably 5-6 million but we could see a material increase once there is a bullish oil price. Fingers crossed...... :;
I would think we should see a much healthier position with the share price if oil rises to maybe 100USD/bbl. Might not be profit making but the momentum of oil price might entice investors
Maybe Starchild has given up hope and moved on, I found in strange that someone so intelligent would write on bulletin boards. He could put his time to much better use. I hope that this share does not destroy anyones life,unfortunately listening to the BOD this share had a floor of 3.5p! Some people would have listened and are probably so desperate to know why the company keeps peddling uncertainty.
It's a shame the CEO has no other option. I would suggest that they don't make it public knowledge, it wouldn't be wise to tell shareholdes news like that after just raising 10 million dollars in May!