All the blame should be directed at the SHAREHOLDERS..
-Most of them either didn't vote or they let their brokers vote blindly with the board's (aka Hunt's) recommendations.
-The ones that did vote, and in a proxy after proxy, the majority chose yes to re-elect Hunt, yes to re-elect or appoint his new board members, yes to approve bonus schemes and yes to approve undeserved bonuses.. They looked the other way as their hard earned money of RNF (their golden goose) got squandered away again and again on loosing ventures; i.e. PDU, Natches,, etc.
-Institutions shamefully accepted board's (aka Hunt's) recommendations.
So, don' blame Hunt or his hand picked board members.. They found easy money and they helped themselves to it, with the shareholders' approval..