RE:RE:RE:RE:ThetruthI agree with most of what you have written but I question that maybe the latest plan is not the way to acheive their goal. Lets face it to date no matter what Obe seems to achieve it is not rewarded properly by the marketplace. Perhaps it would be better to sell it off in pieces thus avoiding this problem of trying to convince a stock market who clearly does not understand the value of the company. This was a strategy that was demostrated to be succussful in not only achieving full value for Obisidian's assets but exceeding them by the late great Rick George when he sold off a number of assets in which Obe received like double the value that the market and analysts were asiigning to them. To me that seems like a much more viable option based on the history of this company than the plan that Loukas has proposed. Actually if you read the article I posted with Front Four's position in 2017 it was exactly what he wanted the company to do at that time: sell it off. You have to ask yourself why not now? My hope is that it is not because Loukas sees his position as Ceo as a personal cash cow. Remember it is my understanding that this guy is running the company remotely from his home in Rye NY. I don't know of any CEO that can run a company in their pajamas at home. Regardless which strategy might be better there can be no doubt that by his own valuation estimate of Obisidian that Loukas to date has failed miserably at creating shareholder value. He stated in 2017 that Obsidian was worth $17.50 US before they bought the balance of the Peace River and the debt reduction that has happened since that time along with other assets like the tax pools. For four years now as CEO he has failed to create a decent valuation by his own estimate of the company's valuation. Why should investors believe that his new plan will result in anything but the same?
Look in fairness to Loukas he has without a doubt done some incredible things for OBE like saving the company from bankruptcy and his brilliant aquisition of the balance of the Peace River. Moreover ,he has reduced the debt with great assistance of the commodity price. But none of that has led the company to get a fair valuation from the market. You know what Einsteins definition of insanity is: " doing the same thing over and over again and expecting a different result." Well I feel like Loukas's numerous plans and successes have not gotten Obe investors a decent valuation. I feel like this latest plan might just be fitting into that definition. Look I am a long time investor in Obe and I would like nothing more than to see the valuation rise to at least a reasonable valuation. But I don't see Loukas's plan being the answer to getting the Obe investors the fair valuation that we all seek.