The rights issued was finalized .... who took the 41M shares ......

The rights issued was finalized .... who took the 41M shares ... and isn't that approx 15%. One or multiple takers ... substantial holder filing due?

What a fine job of managing the Birch project.
Aug 31, 2015
"... the offers coming in on the Texas Birch property have been to low and Austin's Board of Directors have decided not to accept these offers.

Austin's Directors have further decided to leave the property on the market. The Board does not believe that it is in the shareholders' best interests to sell the property at a time of very low oil prices"

And yet that is precisely what you did!!!! I guess they expected oil to bounce back and sell it for more. Now they get US$1.05M.

Pat yourselves on the back and proclaim how the company is "well positioned" for low oil prices. Sure you are. You're on the doorstop of doom. (Sorry to loyal shareholders).

(BoD) do yourselves a favor and find a different business.

Retail investors have (or should have) a long memory. I will never forget who Dean G, Curtis B, Steve G are for example.

Pinup boys for the shame files (wheres Hunch). Guess they can all sit back with whiskey and cigars and LTFAO!