dbernet, "We still don't know how fast Chad will develop, we only know the minimum progress required to keep the blocks."
If Peter Ntephe didn't have a four year track record of doing the absolute bare minimum contractually required I'm sure many of us wouldn't be upset.
He has spouted "increased shareholder value" for FOUR years and delivered as little as he could and a 12 cent share price. It's obvious this company has no corporate governance looking out for shareholders. That much is obvious.
When majority shareholders don't trade their stock, the price is set by the minority that do. Managements must satisfy the minority.