Buying shares4 Aug 2023 07:36
The BOD would currently be inside as they are finalising Crew etc so cannot buy shares
Other point being , no everyone has aload of savings. This is a small company paying the most 100k to Lorna
That really isn’t enough to make a significant purchase of shares! If she bought 20k we would all dismiss it
I see it as a total mute point as they all have a ton of options in the company that they would have to purchase on a success story
It’s like saying some of you should invest more, well maybe your circumstances just don’t allow it, we all don’t have millions of pounds laying around!
Again , Lorna is clearing out the deadwood, forming a smaller more focused team with experience so that in a success case, we know what we are actually doing and In the meantime saving the company probably a third of previous salaries, so saving even more money, which will go towards a second drill imo!
All around feels like they are building for a success story with the right people