RE:EGY - JMHO - 1818 fund had both common and preferred convertible shares - it is my understanding from press releases,and the conference call and annual report that they have dispersed (sold) these shares to approx. 50 institutional holders at a price of $3.85 and are completely out of it. If they still have an interest it must be insignificant from managements comments.
Per Mr. Gerry they are now able to become much more agressive.
As for the new directors it is hard to judge a stallion b/4 you see him run. Depends on the heart and what they bring to the table.
Caflisch may be the most valuable in the immediate since he has a doctorate in the field and spent most of his career on the African continent. Would be great if he was involved with this leasehold when Gulf drilled the N Tsch. & S. Tsch. fields. He was a director of Pan Ocean and hopefully they didn't drain him of all the good back of the mind leads he knows. Regardless I would hope he has a large network of connections that will be helpful. His presents could forge a stronger relationship between Pan Ocean and EGY.
Mr. Allen seems to have a varied background with a likely network in the Americas, and with Texas A&M University.
Mr. Farish is involved with an investment firm in Houston and has been a U.S Ambassador which I'm sure provided some valuable education in governmental affairs and negotiations as well as established its own relm of network connections.
As for the Race Horse Experience hopeful he'll help train this stallion called Vaalco to "Run Like the Wind".
JMHO - We have to trust management has assembled a group that will be able to help manage the company and to return shareholder value. The new options issued were for $3.85 share so I'm sure they would like to see it increase in value also.
JMHO- Be patient; better times are not far away.
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