RAI 0.00% 2.3¢ raisama energy limited

no confidence in directors, page-8

  1. 1,190 Posts.
    For those sh who paid over 3 cents, Raisama is purely Cadloe. Otherwise the mkt cap would be IMO around $2 million, not $5.6 million as it is now.

    No arbitration decision; it has ceased right at the start. The RAI directors have built up anticipation that arbitration decision is pending at any moment. But at the AGM question and answer session we were told they haven't even exchanged documents, which is right at the start if arbitration process. Many since believe Raisama have thing to hide, so they won't reveal documents.

    Raisama directors did the same stunt prior to the last cap raising but repeatedly stating they had funding. They never had it.
    But that's not the worst one.

    BTW Jeff Steketee, Jim Durrant aren't the only ones on huge salaries, the chairman David Berrie, still managed to make $296,000 last year.
    These guys have nothing on and their remuneration is through the stratosphere.

    Expect cap raising and expect these three to gain more shares, basically using their huge salaries (which us our company money) to fund it.

 
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