why would the sellers have purposefully "choked back" production???? If I was an owner of those assets, I would not have been happy with selling those assets for less than their true value.....
Would someone be kind enough to concisely reprint exactly the cash bonuses and option package proposed by mgmt along with the timeline and share-price objective for these options to grant? I seem to recall that the price needed to be above $8 for 20, non-consecutive days (which I believe has been met) but was unsure on the other parameters. Also from memory, it was 1,000,000 options for Boroff and Voiticky and 500,000 options for D Hall. Is this correct? Many thanks!
So you support the idea that we should give 20% of the company to the three executives who voted themselves the shares? You really must be kidding me! Writing in such self-serving details in the financing deal probably violates corporate fraud statutes.
What kind of time frame are you talking about? 2-3 mos or 9-12 mos? thx
Manipulation is easy with Miller. It is so thinly traded that 10,000 shares can move it up or down 25 cents. Doubt there are many shares for sale, hence the ability to influence price wildly as we've seen today. I was hoping for closure of the financing deal today but see the one month extension as a non-event. The drop after the news was overdone, as is the recent spike to 7.92...some people trying to reap fear....hopefully mgmt. is just getting things done and that progress is being made in drilling and exploration!
Cheers to longs!
Please explain. Thx
Hi Tomtom, I've held for about 6-8 years...what's another 1-2? Worth waiting for their 2-3 compounds. Liked the annual report this year...
I think what most people are focusing on here is the wrong thing. I don't get heartburn from whether the top guys get $500K or $1M salary a year.....i STRONGLY object to them granting themselves 3M options each and what amounts to a 20% dilution of the common shareholder!!!
Sentiment: Strong Buy
Learn the difference between lose and loose....then maybe we will consider what you say....say what you will, that's no typo. You just need to learn.
Those who are legitimate business people and those who cut corners and hedge the truth.
You can't argue that those doing the drilling in AK have increased production. You can argue that the top people running the company feel somehow entitled to live beyond their means and expect the common shareholder to just roll over and accept them playing footloose and fancy free with plundering the company piggy bank.
Would someone please show me an example of any NYSE company where mgmt. granted themselves 20% of the company "provided certain triggers and price targets were met within a certain period"??? Any single example in the past 50 years would do!
Hey Scott and Dave, take a good look in the mirror and decide if you think you are going to seek a compromise or if it's "just not your problem". Everything you say and do is public information. Think hard. Then think again!
Sentiment: Strong Buy