You know, I was amazed when I read this from a recent TXN...

You know, I was amazed when I read this from a recent TXN ANN:

"Texon is a small company with three Directors a CEO and a staff of five both in Brisbane and Houston USA."
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A staff of 5 both in Brisbane and USA- that means 5 all up? 10 all up? whatever it is (even 5 in Houston sounds crazy), this company runs on a shoestring, and I hope its advisors are protecting it well. Such a tiny team has done well- to purchase good assets, and to keep producing oil out of them. I wonder how it effects the company if an employee is off sick!

On another note, when we received the update recently on potential corporate action, it reminded me of DMG. DMG had spent one whole year- longer even- on a deal to get its main asset taken over. I watched it month after month, and the odd update would ask for patience. No-one believed anything would happen. But then something did happen, and it was a very good deal for holders (not for me- I just didn't believe). Point being that TXN announced the employment of corporates for asset sales in late February, hoping it would be done and done dusted at end of June. Even now, though, RBS Morgans, their actual advisor in this potential event, is saying wait and see what July brings.

The problem with "event-based" shares is they never really trade normally- everyone just waits. However, this is why people buy these event-based shares, too- just in case. :)

Let's hope these 5 employees in Houston don't give each other the flu or take holidays in July!