I'm a long time stock holder - RL may be a nice guy, I don't know him. I bought my stock years ago but it's now basically worthless. I still have it. It is RL and the board's job to make decisions for us stockholders that improve the stocks value. I wish we knew what they are doing!
Ray has probably been in the oil business for 40 years, the last 10 as CEO of Hyperdynamics.
During those 10 years he has spent tens of millions of dollars drilling 2 wells and finding no oil. So 1/4 of his career has been ??? He may have been successful in his youth, but the last part of his career leaves a lot to be desired.