RE:RE:RE:RE:Lazy job by management Agreed, I have been waiting patiently for years for something good to happen with this Company only to be disappointed by Management and a loss in the value of my shares. At this point, the bottom is in but the upside is no longer visible ( hopefull) as it was a few hours ago. I will look forward to Managements go forward presentation. Baring anything unexpected I will hold my shares just to vote against all Management and Directors at the next Sharholder meeting. Little consolation when you have lost tons of money.
riski wrote: I think this is a fair criticism. More than any other O&G company, this management team looks out for themselves at the expense of shareholders. They don't even try to hide it.
It's a problem that will never go away unless the exec team is cleaned out.
churchofnutsacc wrote: Management are paid like bankers. Management's motiviation is not to drive value for shareholders, but to keep the party going for as long as possible so they keep getting paid. Shareholder value is the least of their concern which is why they never buy shares on the open market. Refinancing at 9.75% is bad enough, offering a wall of warrants in addition is an insult to all shareholders.
I feel bad for anybody that might have averages in the dollars. You'll never get your money back - not with this management.