Hilt,
If I weren't listening to the shareholders, then I would not be offering to meet with you, or any other shareholder, to openly discuss what is happening with Tracer. I have also posted my email address and telephone number, with an invitation to all to feel welcome to communicate with me. I am happy to report that many of the shareholders have been contacting me, and many of them are very supportive of our plans. This will not make you happy, but "the tide is turning".
As to your latest complaining, the people who are bringing the Iran project to the company must be compensated for their efforts - otherwise they would have taken the project elsewhere. And as I explained in an earlier posting, under Tracer's arrangement with the Mullins Group, the company is paying the equivalent of about $0.03 per barrel of reserves in Iran, or about 3.8% of the discounted net present value of the project. You cannot get a deal much better than this anywhere.
As to the right to issue more than 20% of the stock, this is only to allow the company to do want you want: do deals (i.e. acquire new oil and gas projects). Are you now saying that you are going to vote against what you want?
I am still waiting for you to give me some concrete, constructive suggestions - but all you seem to be able to do is insult me. When will you finally be prepared to rationally discuss the issues? I am waiting.
DRR |
