CGX Energy Inc V.OYL

email to CGX

[soulfire]

I 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.

[tiger77]

Soul,   The problem is at this point I don't know what else they can do or say. 1. Yes they issued a BRUTAL news release which caused the SP to tank 2. They provided a good clarification the following morning (yes the damage was done but we recovered again a little bit) 3. Then they went on record with Oil Now to clarify things and "dumb it down even more" for them and

[Schreibzey]

Correct, guy named PDV11 posted on Stocktwits the end of day short data, further explained that this service costs $250/year through fintel.io.  Go look at the candle stick for each day according to how many shorts end of day. Someone covered 3/4, be interested to know what 3/8 shows. https://stocktwits.com/PDV11/message/442345616 With these plays with a tight float, these shorts can

[westcanpride]

Great email Soulfire.  Interesting post Schreibzey.... my question is... who in their right mind would short that much mere days/weeks before a 4Q news release, especially on a very thinly traded stock?.... a group of people with insider knowledge on the status of JV discussions, well results, etc. It is in essence insider trading.  Make no mistake... they will cover every last share

[soulfire]

Tiger77 I hear you but I believe we need to keep applying pressure constantly on the company. If we leave everything up to them they wouldn't care and leave us in the dark as usual. Mr. Jagdeo is the one who got us to this point. (Thank you sir) We are left with a hollow company because they choose not to give regular updates. IMO, if they did it more often they might have become better at it

[Miftee9]

I think the financing unknown is the biggest culprit.  I believe the smart investor sees what we have regardless of the bad release. Mybe I am naive and the smart investor is far and few between.   I just hope they clarify the financing and maybe put on the table what they are thinking so we can get that out of the way.  I know they wont or maybe they cant but I do hope we get