Granite Oil Corp GXOCF

Hard to invest in GXO

[dabrewcrew]

after the sh!t the board pulled with boulder energy by going private and selling out at the bottom. The same board of directors (crooks & con men) as GXO, who split D3 to double up their salaries, I have zero confidence in trusting my money with these cronies.. Good luck to the rest of you, but the board of directors don't give a rats a$ $ about you.

[dabrewcrew]

Just got my proxy vote in the mail from these crooks. Looks like they want to bring two more of their buddies over as directors from their scam of company Boulder. Means two more talking heads that the shareholders will have fund with more stock options and salaries to fund their pockets. I will be selling my shares. I wish more people knew about these scumbags that run this company. The assets

[TheHammyburgler]

Dab, I believe you are confused about Boulder selling out.  Do you think the board wanted to sell?  I hope you realize the alternative was probably bankruptcy because of Boulder's lender's tightening of credit(not to mention their skyrocketing interest rates and fees).  Everyone in Boulder lost, espectially the directors who have a heck of a lot more money in there than we

[dabrewcrew]

You are confused. Their debt to equity ratio was almost 2/1, which is far from going bankrupt.. A lot of other exploration companies were in a lot more pain than them and surviving. They agreed and set terms to the sale to take it private at the very bottom of the market in Feb. Oil has since shot way up making the sell price a huge discount for the new buyer. If you read the initial reports of

[dabrewcrew]

Also, you are incorrect- multiple members served on both boards of GXO and BXO and were paid a salary, stock, and options for both companies. They definitely double dipped when they split Deethree up. Like I said before, everybody including the greedy sob's on the board lost $ when oil tanked, but they definitely milked it to their advantage as best as they could. That's fine if you

[TisGrandpa]

This post has been removed in accordance with Community Policy

[neigegarcon]

Agreed.  Just watch the share price as they set up the stunt. All my other oil stocks have been spiking up for months, following the price of oil which has almost doubled since the winter's lows.  GXO is flat between $6 and $8 in that time.  All my other oil producers up 2-4% today, GXO is down 0.5%. Next thing we'll get THE OFFER, from a private equity firm.  Up

[TheHammyburgler]

Hey Dab, First I want to say thanks for being a good person and not a troll.  That is hard to find nowadays! So in regards to my last posts, I am forwarding information from someone I know.  As I understood the Deethree staff were being split up and not working for both companies.  As for the board, I assumed their salaries would have been split between the companies as well since

[dabrewcrew]

My bard is that the directors probably are now invested into the private company. Something the rest of the shareholders don't have an opportunity to do. So from the directors standpoint it didn't matter if they sold BXO at the bottom, their money was going to be rolled over into the same asset. While the rest of us were forced to sell at the bottom and didn't have the luxury of

[TheHammyburgler]

Hey Dab, You are right about some of the Directors getting some ARC stock.  All of the members of the Board and officers of Boulder and a large shareholder, who collectively own approximately 24.8% of the outstanding Boulder Shares, have entered into voting support agreements pursuant to which they have agreed to vote their Boulder Shares in favour of the Transaction, subject to the

[TheHammyburgler]

I forgot to ask, has anyone seen any info on the Director's salaries and if they really are getting paid more than they were with D3?