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OMOG.... OIL AND GAS
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[QUOTE]Originally posted by cactus33: [QB] "Re: fAt "In principal I'm all for retiring shares but since you just raised the A/S to 2.5B two weeks ago you run the risk of people thinking you're a friggin idiot." I hear ya brother. What if the authorized share count raise was mainly for great acquisitions that already have big revenue and some profits? Possibly those buy-out or merger candidates needed to see that Omda had the capital structure or room for them to join our happy family. Of course as the NL's have alluded to, "at much higher prices." At those much higher prices we could get a lot for 20-30% of our company. Another good reason to have some share room is for compensation packages to be made available to future officers that we want to come into and run the company, unless we can get a quality CEO, CFO, etc in w/o a salary or stock options. The authorized being raised doesn't mean we have to use those shares right away. We have had a month to issue shares if that's what the plan had been. I'd rather keep the cash in my pocket instead of buying shares in the open market and then retiring them back into treasury but I am trying to be as selfless as possible. I am also working on raising the necessary money Omda will need for the on-going legal efforts, new drilling opportunities, future officer salaries, etc without using any shares at all. If that's the case then retiring some stock now and lowering the shares that Omda has outstanding isn't so idiotic. People shouldn't confuse authorized shares with outstanding shares. Any thoughts? AB" [/QB][/QUOTE]
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