Time to off-load this Mermaid, page-70

Democracy is but an illusion

Nobody at any board ever really care for the "retail" investors.

Yea, there are many options available. The most drastic would be a full blown equity raising to both "professional" and plebs alike.

If we go down that path, I think we both agreed that $150M, maybe even $100M, would most likely see MRM through the next couple of years when oil will most likely have risen and stablished enough that those previous trillion in planned projects would start to make economic sense again.

Not all were offshore, but a substantial chunk of it either way. I mean, wells and reserves do deplete by some 5% p.a. right? There's only so many wells around existing rig they could tap into.

So if we assume a worst case scenario where the shares were diluted with another $150M... in the medium term [say, 5 years], MRM's share price will at least double at the new diluted per share basis. So worst case and it's still not so bad.

As to the short term, and whether or not investors would risk buying just to see dilution. Or better to put that capital elsewhere and wait til the water's all calmed and rising. That's also sensible.

I don't think there is risk of total loss. But there are risk of seeing the price crash further. But then there are also risk of not be lucky enough to catch the bottom and risk of being too late to catch the rise.

Which risk is acceptable is up to the individual investor.