Yes, it'll be nice for Moody to learn some expertise from an oil company and of course for him to pick up another big fat pay dire torship cheque at our expense (given that Rkh will own 18% of the other co), the curly haired t#at ! Moody out, experience in!
I agree completely. The management have given no credible reason as to why they are throwing the towel in with what appears to be( and was hyped up by the management) a highly profitable company with huge exploration and production potential. We are producing at over 6400 bopd and have significant infrastructure ownership. It's not for the directors to decide to call it a day for the company. We the shareholders especially the small PI who kept this company going through thick and thin, decide whether we are going to sell and on what terms. If the directors don't have the time or the stomach for it any more than they should leave gracefully and forego any share awards which are for performance related - NOT firesale related.
This decade has been an unchecked transfer of wealth from shareholders to the management class in the US with buy back financial engineering and massive, unprecedented share options. AIM management believe they can replicate this. I did not invest in this company for two years only to see this happen.