SSN 0.00% 1.5¢ samson oil & gas limited

Ann: Samson enters Letter of Intent on Foreman Butte Project, page-15

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  1. 756 Posts.
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    As SSN state in their announcement, they are selling their entire asset base which will leave them with approximately $12 million in cash. I would expect the Board of Directors, based on their past performance, to put their hands out for a fair slice of the cash as they would think that they have done a great job in selling off the farm. There is probably also some obscure "performance" clause that they will dig up from their remuneration package.
 
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