email to CGXI suggest everyone on this board email the company.
I did, below is what I sent. You can send a similar email whoever choose to.
We would like to thank this company for DESTROYING the share price and Market Cap.
When a company cannot author a proper News Release this is a serious problem.
CGX has left too many unknowns in your NR last week and have then try to explain it away with a subsequent release. That has been shown to be completely ineffective as long-term shareholders have seen their investment halved in just a few days.
CGX needs to address the possible manipulation of the share price immediately.
How can the SP drop from $2.95 the day before the NR to under the Rights Offering price currently? This is incredible, considering hundred of millions of barrels of light oil has supposedly been found. How is that even possible?!
If an equity raise is coming at or around the current price, CGX may be setting itself up for a Class Action Lawsuit given that the stock price was hovering near $3 for many days and is now almost halved despite excellent results from Kawa.
CGX needs to issue a detailed NR clearly explaining the amount of Pay in each section of the Kawa1 Well and whether it is light oil or condensate. CGX also needs to engage retail shareholders more effectively and with transparency going forward. I suspect only these actions will quell the uprising I am hearing from fellow long-term shareholders.