One of the main reasons I invested in CRK was because of Frank. It was refreshing to see a real businessman leading an ASX listed company and putting his money on the line. There are so many geologist, scientist and others who masquerade as business leaders running listed companies, most are quite happy to accept the salary of a CEO and the "incentive" shares and options, without really having any skin in the game.
From what I hear frank was in CRK to maximise his return and cash out when the right offer came along, probably well north of $3. Ironically the the risk reward has shifted now IMO and a short term return of +100% is very likely.
For me this a huge buy at less than 50c.
CRK Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held