The fact is there is only one thing that is ever going to greatly increase the share price ,and that is if the company was to ever be offered for sale , over the years people have said when the court case , pipeline ect or when this happens or that happens ,but nothing ever changes here ! Now it’s next year and 55 thousand barrels of oil a day , I still think Christmas £1.90 !
Yes thank you guys for your reply’s , l remember it well the $10 million ect , but why did the board simply not tell them to take it out of the $100 million + that they owed us ? Was this simply bad management negligence or what ? However to move on there s I believe a case to answer here , if AB is now proved to be profitable and the board new it could be made profitable ,they had a legal obligation to put it to all share holders to let them decide on the best course of action , whether money should be raised , by whatever means necessary cash call ,farm out ect , not to do so would be seen to be negligent by a court of law ! As they would be deemed to be not acting in the best interest of share holders !
OK Thanks the reason I am so interested in AB is as it was given away , and I believe we paid $10 Million to get rid of it , under the excuse it was not viable , if it was to now produce commercial quantities of oil , this is very important as it could prove negligence on the part of the board , there are some important questions to be addressed here if this is now the case !
OK dusterhater we get it ,you will not be buying any shares until you are sure MATD has found oil and the share price has gone up ,if that is your strategy then good luck to you ,you do not need to keep repeating yourself , believe me we get it !