2 points22 Oct 2019 01:43
I've been reading the board a while. Good board: ntofo, Wtwater, etc. Chiming in with two points:
a) Dilution remains our primary enemy. Bruner diluted us to oblivion, at lower and lower prices. In April '19 current CEO proved that he too, is willing to dilute at 52-week lows. And now, in the latest Cenkos report, they write that the Falcon is "largely carried" for this work programme. What happened to fully carried? If current CEO finds an investor willing to invest cad 5mil... does CEO use this opportunity to take out the existing seller? Or does CEO say "Falcon itself will sell you shares, and I'll have cad 5M more on the balance sheet to secure my salary a few more years"? I don't have the answer to this question.
b) Nov 20 could be a good day. That's Origin's investor conference. Unlike the AGM, Origin won't be hijacked by activists. I'm hopeful Origin will have ample real news to report.