RE: Sorry to say it1 Feb 2019 08:38
One thing is assured the new BOD are here to make themselves lots of money.
IMO its only done in one of two ways.
1. Build a profitable, growing, sustainable company. Wisely reinvesting for the future. The s.p increases & PI’s personal fortune grows with it.
2. For 3-5 years, with a picture if “great potential” “gold in them there hills” etc It allow the BOD & Buddies to issue, or award themselves, lots if shares. The shares slide slowly to thier death. PI’s , unless they day trade, loose t lots of month.
The market is called ALTERNATIVE for a reason.
So we have a new board who have a finance background. No signs of a really experienced oil man on board, yet.
So is it option 1 or 2. Is it an oil company or finance trojan horse. The history of the AIM is not 50:50, but more like 10:90 in favour of option 2.
I, like many, are holding a loss, needing 9.5.
We’ll kick ourselves, if we take the loss & the oil flows. But, kick ourselves, if the refinance arrives, as the odds were agsinst us in thi market.
The BOD dont care either way, as long as thier personal 3-5 year plan works...
GL to one & all.
All very sad.....
S :(