RE: High noon for Block23 Jul 2021 16:40
I have to say that against the sp collapse , the persistence with this shares for salary scheme , all the delays over the past 18months , the lack of clarity direction and information , a CEO with a poor reputation for integrity and competence , the increasing secrecy and lack of transparency , the involvement of this `Concert Party` , the reputation of the F`s , their clear determination to take control , and NOW two NED`s jumping ship ~~~ I probably missed many other worrying issues for shareholders ~~~ But , we are most certainly sailing in perilous seas .
It`s hardly surprising that this shower are making their move now , just before the drill results , just before latest production details , just when the share price is on the floor . The whole thing stinks , but , I also think management have to some extent invited this crisis , I hope they are going to prove better at averting it .
At what stage of any takeover could the Schlumberger options be converted , and what indeed would Schlumberger vote for is another issue altogether . I don`t know .
Perhaps PH is very confident that he can win the vote for PD , but as far as I can see , I don`t share that confidence . They will need EVERY private investors vote in favour of PD to keep control . The potential here is significant and so are the risks should these Glaswegian cowboys get Valeschini into the driving seat . I am a little surprised that there hasn`t been more of a defensive strategy apparent from the BoD , because the first person on the hit list should the Robbing Hoods take control will surely be PH .
All VERY worrying , no time to be complacent , PI`s must make the effort to make EVERY vote count .
SAVE PHILIP DIMMOCK !
GLA .
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