Bit rough on who Geo? I would like to know how long you been in the market but I guess that’s beside the point. Too many times we see people hero worshipping company executives. Brown is no slouch , maybe he is a bit too slick! The share price had great momentum until the latest CR. Perhaps ne needs to learn a bit more about the market.
What they should have done was fought long and hard to get the options underwritten; yeah there may well have been a significant cost but the cost would’ve been nothing compare to what this issue has cost the company and the shareholders. The other significant cost that has been born here is reputational. The likes of jackspara who sold out have not been alone, and many institutions would have taken note.....just as u have about previous cr’s.
I sold out of these leading up to and just post a CR about 15 months ago and thought then their timing knocked momentum in the share price, but reentered because of encouraging signs with the wells ... I assessed the oa’s a better risk than the ob’s because less likely to need funding before they expired. I do not have much money in them, but my point remains...option holders should not have been treated in this manner.
RLE Price at posting:
10.3¢ Sentiment: Hold Disclosure: Held