ARAKIS: HIGH RISK OIL PLAY (AKSEF) Message Board

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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)

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To: Razorbak who wrote (6231)	6/19/1997 11:47:00 AM
From: Pluvia	of 9164

Razor, <<Bottom line... IMO, the timeline alone indicates that McLeod's firing was not connected in any way with the loan, and the Board's rationale for wanting to avoid the company's CEO exercising any options at the time (purely from a signalling standpoint) seems pretty reasonable given the rather uncertain state of events at the time.>> If this were true -- why not collateralize the loan with the stock? You say selling stock looks bad -- what does making HUGE uncollateralized personal loans to officers look like? It stinks if you ask me. Cheers Steve

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