Who is holding the BOD accountable for the actions of this mess ?
They don't seem to be answerable to anyone.
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If you buy a large enough chunk of the stock, you may find your opinions carry more weight with the company.
Nobody knows what has prompted UKOG to seek to raise funds, so let me throw into the cauldron one more possibility, ...
that an investor has made it known to them that they have funds to invest in the company.