OTCPK:ARNBF - Post by User
Post by
BWJohnon Jul 18, 2014 8:50pm
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Post# 22761756
Fire the lot
Fire the lot Aprl 26th 2012 report states Arcan's NAV to be $7.28 fast forward to
June 23rd and Arcan's NAV now $0.63! Who's being held accounatable for the this - either someone fudged the 2012 numbers or perhaps someone is under estimating its current value? Why would there be such a huge disparity in the value unless perhaps there is/was some cooking of the books and numbers?
The Directors and Management are
unanimously recommending all parties accept Aspenleaf's offer - why?
Is there more bad news coming? Are they being rewarded after driving this
company into the ground and giving Aspenleaf a steal of a deal? Fire the lot! no bonuses, severance pay, cancel all share options and incentives, in fact have them pay back bonuses - especially for the over exaggeration of expectations of 6000 - 6500BOE in 2012, sad that many fell for it. Personally I don't think anyone could do worse - even a 5th grader lol! - my opinion of course! GLTA