Originally Posted by gee
Excellent company with solid management who have clear defined goals and now incentives for management to reach those goals.
gee, I am glad you picked up more shares. The company does have great resources. Notice I did not say assets.
We will disagree on this management team. Before you argued you only cared about the last 6 months you have been invested in EOR. I think it is only fair if we discuss this management team, that we discuss the past 5 years. That is how long BL has headed up the company.
One of the first things BL did was replace Steve Melzer as a director of the Company. Melzer is a predominate CO2 professional and scholar. He was an excellent asset to the BOD. Google him and his career accomplishments.
Another thing Lasker did was raise $100 million dollars. What do we have to show for it? Our market cap is currently only 33 million. How can anyone think an "excellent" management team blows 100 million dollars?
More recently, he prepare the company for sale or a joint venture partner. We hired Tristone Capital. After 3-4 months the company received no offers. Nada. Zilch.
During a conference call Lasker said the St Johns helium and CO2 was a marginal asset. What a thing to tell shareholders, analysts and institutional managers.
Like I said before. Good resource. Poor management. Poor execution. Poor marketing.
What are the current objectives to vest the bonus options?
I would like to know when and if we reach these milestones?