placements to sophisticated investors (i.e.) Friends and...

placements to sophisticated investors (i.e.) Friends and relations)

Your Chairman is rather good at this type of capital raisings, does them as often as possible. Then you watch your SP crash.

His other modus favorite is freeby options, which he holds until he has a positive announcement, then dumps the lot, once again at the expense of shareholders.

Have a good look at EGO, yes, he's the Chairman and up to the same tricks.

Has appointed son Kane, as CEO, once they both get their snouts in there, the options will flow, free, and fast. And Yes Kane is employed on a consultantcy basis on $150 an hour, reviewable by the Board, on which DAD is the Chairman.

This is all quite legal, so why would want two petro Engineers???

Interesting.