There is another point Mr Robinson:
You stated in post #975:
As to building a company slowly with domestic production, this is very "doable", but would make Tracer just another little domestic oil company like all of the others. In my experience with Arakis, we generated a lot of attention, and added a lot of market cap, by going after a big project in a place that no one else wanted to be.
If this is so "doable" and had been DONE....I would not have a proxy in my mailbox asking me for a rollback!!!! You knew going in that Iran would take at least 6 months in December. If you had the shareholders in mind, you would have proceeded to acquire a production block to assure the price would have been within Nasdaq guidelines. This would have boosted the price easily over a dollar and with 4 million shares out, depending on the block, maybe substantially higher. Then we would have shown the financial community that the company had indeed turned the corner, making it easier to raise money and go on to other things, including your coveted Iran. This causes a lot of us to wonder the reasons for not taking this course.
And is a reason we are suspicious of this rollback, which could have and should have been avoided.. As any shareholder today, while they read their proxy, if they did not wish we were "another little domestic oil company like all the others."
Btw....for the record, when did you start as CFO of Arakis? |
