The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
So you are implying that Allen Howard is in situ to generate income for his own firms and has little involvement in the day to day affairs.
Well certainly he would leave day to day business to CEO including drilling ops. You may be suggesting that the fees charged by Apex were for unnecessary work or of little consequence. APex may argue UKOG did not have the necessary skills on the ground bearing in mind CEO is a geologist and this is the root cause of UKOG's problem.
Look you can bet your remaining dollar the chairman will not wish to be associated with a TOTAL WRITE OFF. He will looking for solutions and thereby focusing on ways to find a commercial road forward which could involve other businesses.
Also apart from CEO other directors are part time so they have to fit company business into their schedules. So once CEO has reported to them, there will be an interval for considering and processing data etc until they can make a report to shareholders.
Yes and for a long time too. Hardly negative but the more I look at this I see issues which others dismiss. I don't have faith in the management or the set up but I hope my concerns are disproven.
Generally shareholders appear to be blinding themselves because of SB. Long way to go yet.