Groove Botanicals, Inc. (GRVE)

[Leirum]

During a restucturing process, all options have to played out for a script: a) To remain independent, b) to merge among equals c) to be taken out. The Emmy Award as a rule goes to a) and b) Regardless if the project like in this case is AOGN, companies of that size at a certain point have to rethink their strategies with reference to building a strong portfolio and the market will dictate over time the going together among equals so as well to take off some burden of the balance sheet. The times of easy funds available are over. Those committing funds will have to take an active role, otherwise they can say good by to their return on investment. By putting Häusler on the board, I would then assume, that the signs are on the wall, that this is not exactly the intention of those investors but rather to make sure, that their voice is heard.
Here from the press-release which is very clear, why he joined the board:
.... assist the Company in fulfilling its business plan of acquiring and developing oil and gas producing properties as well as representing the interests of the European shareholders and bringing in their ideas also," he said.