ELK 0.00% 1.4¢ elk petroleum limited

re: Ann: Quarterly Activities and Cashflow Re... there also was...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 283 Posts.
    re: Ann: Quarterly Activities and Cashflow Re... there also was a payment of $72,000 ...



    that's in addition to the $726,000 in Administration cost

    ++++++++++++++++++++++++++++++++++++++++++++++++++++

    here is another interesting chart ...



    only 3% shareholding by management / associates ... not much skin in the game in my opinion

    I would like to see ELK management announce that they are underwriting the latest rights issue to shareholders ... now that would be a vote of confidence - and if they can't afford to underwrite the lot, then do a partial underwriting

    and if shareholder approval is required for such a proposal (management underwriting the rights issue) - then hold a shareholders meeting and put it to the vote - I am sure it would be supported

    what I like to see is management teams that are prepared to back themselves by taking significant shareholdings in the companies they are running - and unfortunatly that does not appear to be happening here

    they appear happy to take the big salaries, but reluctant to invest much of it back into the company they are running

    and that's not very encouraging for potential investors and shareholders
 
watchlist Created with Sketch. Add ELK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.