Depressing
3 years ago their mission statement was to be a billion dollar company in 5-7 years.
Wow. We were trading above 9.00 for a while then........................... Now look.
They were also going to be in the Mediterranean Basin, Central Europe, and Middle East and North Africa ("MENA") region. ............................................ Not yet.
In this report..............
Share-based compensation expense for the three months ended March 31, 2013 was $357,000 compared to $372,000 for the same period in 2012.
This is in addition to their generous wages and other compensation........
Well deserved?????
Canada Total Income was $ 240,000 for Mar 31 2013 but had a loss of 1,558,000.00
Total Income was $ 378,000 for Mar 31 2012 but had a loss of 3,006,000.00
This was just for Canada. Give the Canadian assets away and we would of had a profit of 740,000.00 for this quarter.
Canadian assets account for only 5% of revenues, yet account for more than 1.5 million loss in this quarter alone.
We have had a rollback of 10 for 1
Another rollback in the future to finance future expenditures..????????????
Drove production down from 1856 BOE as of Dec 31 2011 to a low this quarter of 851 BOE.
We may get delisted from the TSE next.......
God help us if Turkey gets involved in Syria crisis.
This is depressing.....