Monday, August 31, 2015 2:07:14 PM
Case in point.
Present management thinks more of lining their own pockets privately than benefitting TGC shareholders or even themselves as shareholders.
They could have bought stock in TGC to capitalize (same expenditure by them) and let TGC purchase the 25% plus 6% royalty. That dilution would have been well worth it. They didn't think enough of TGC or its stock to do that. Only sought to enrich themselves.
Then severing the agreement would have made sense and given TGC the best position possible.
No matter what happens in TGC and drilling from here on out, the big winners are insiders acting privately and selfishly.
That simply cannot be spun logically any other way.....
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