will there be a rancho update today??, page-7

Yes, I own the shares and even bought some yesterday.

Again I fail to see why some people voice approval for actions that cost them money personally and also the company funds.

Again if the funds were needed RIGHT NOW, they sure haven't told us why (Another 'top secret' reason I suppose!!!)

I alsways thought that a company's BOD's is there to:

1. Run the company for the benefit of ALL shareholders not a select few that get to pick up cheap shares, bonuses, or options.

2. Run the company in a way that maximizes company profit

3. Run the company to maximize shareholder value


Well IMO this cap raising and the uncertainty created by the information releases sure hasn't done any of the above. And those facts can be plaiinly seen in the share price and lost funds to the company.

I'm tired of hearing the 'move on' comments. Maybe it is time to start expecting the company BOD to do the right thing or have them move on. IMO they need an attitude adjustment as do many company BOD's in this country.

Why people take that atittude towards compnaies is a mystery to me, but don't have that same attitude when they see a bank rip them off (Hey millions in fees - it happened - move on; new tax on mining shares by the government - move on; that new car doesn't work right - move on; etc)

IMO now that the company has finally got some oil and gas flowing it has huge potential and has basically blown it for the ordinary shareholders and that is why that shares are sitting at sub 30 cents AGAIN instead of being much higher.