Share Price, Foof28 and Annual MeetingThe situation with Regent Ventures is reaching a "tipping point". We need to try and facilitate a resolution to the Wilson and Eacrett problem and this means trying to get one or both removed from the board of directors. With the exception of Curtis, Foof28 and a few other posters who suddenly appear to defend Regent's management, a strong concensus exists among all the serious investors that I know including ones from New York, Vancourver and Texas that Rick and Doug need to go and go soon. Just breaking up the voting block or Wilson and Eacrett by getting rid of one would help us considerably, particularly if a new Director was also selected.
Ed, if you don't help resolve this problem, you will loose your money also. Rick has probably sold most of his shares no matter what he tells people like Curtis and Dietman and Wolfgang are reaching the end of the line and have other options now that EuroGas is in play.
IMPROVING REGENT’S SHARE PRICE
But all of this dialogue by Foof28 is smoke screen to confuse, defend Rick Wilson and hide the truth. I believe that the truth is the following:
1. The fact that Rick Wilson is President of Regents is hurting our share price now and will continue to do so in the future. In spite of the quality of the Polish assets and the current low price of Regents, we have no buyers in a large part because of Rick Wilson’s reputation, his past behavior and his Haywood connections.
2. If Ed and Wolfgang would get rid of Rick Wilson, our share price would increase on the news. I would feel comfortable increasing my position again and so would many other investors because with 45% of McCallan, Regent is a better play on the Polish concessions than EuroGas given the number of shares outstanding. If we knew for certain that Rick Wilson would be gone could not dilute our shares any further with Haywood private placements and/or tar sands delusions with non-exclusive technologies, we could relax and wait for the concessions and EuroGas to develop.
3. The irony is that Regent’s management doesn’t have to do anything for us other than get rid of Rick Wilson EXCEPT not diluting our shares and making several positive announcements as the Polish concessions are developed. If EuroGas or an oil and gas company acquires the additional 55% of McCallan, Regents will get pulled along as the properties are developed. We need no other plans or properties to be successful----period.
4. I also believe that Doug Eacrett has contributed to poor relations between Regent and McCallan and that Wilson and Eacrett have been voting in a block against Ed. So, getting rid of Eacrett would also have a positive impact on the decisions that are being made but might not have a direct impact on our share price because most investors are not that aware of Eacrett’s aggressive, incompetence in causing the problems with McCallan.
FOOF28
We should accept Foof28’s offer not to post. He received inaccurate information from Rick Wilson, “significantly” misrepresented the information he got from Rick Wilson or is Rick Wilson. Anyway he certainly took all the PROOF of Rick Wilson’s failed companies and self-serving financing very personally. His point about Chairman was that Chairman was bashing because the Lime Rock deal fell through and since he was going to get a finders fee, he therefore hates Rick Wilson and became a basher. This logic is clearly nonsense. Since he intentionally misconstrued a post made by me on another board, $ORE, on 4/8/2007 and cites me as his information source, I felt a brief response was in order.
In several posts on the $ORE board, 3/27/07 I speculated that since RW hates some individuals in the “Texas group” and neither he nor Wolfgang wanted to pay a finders fee. Because of this situation, I did not feel that the Lime Rock deal would happen. I said nothing about Chairman, only about the Texas group, and I indicated that RW already hated members of the Texas group and this hate was prior to any decision on the Lime Rock deal and so how could a failed Lime Rock deal be the reason that Chairman now hates RW. I also responded directly to Foof28 on the $ORE board that RW hates the Texas group on 4/5/07 before the Lime Rock deal went south.
The post from which Foof28 extracted the “significant finders fee” quote was on 4/8/07 when I said again speculating and sais that Wolfgang would need to pay a “significant finders fee to the Texas group for bringing Lime Rock to the party” and he would need to use his own shares or share equivalents [and I might add now, the fee would have been well worth a $100 million financing and we would all be rich by now if this deal had happened] I also said that Wolfgang, “like Ed Muller is very cheap and RW holds grudges and always needs money short-term.” RW hated “individuals from the Texas group” long before the Lime Rock deal as Foof28 knows and RW’s constant need for money is why he can’t wait for the big payoff.
PROPER NOTICE
Currently, I hear that an annual and special meeting has been announced but most shareholders have received no notice. The board is to be re-elected and wants to give themselves options. Has anybody else received and announcement or documentation in SEDAR? I understand the meeting is October 17, 2007. Have you received proper notice?
If investors did not start receiving notices until October for a meeting scheduled October 17, 2007, Regent has given “improper notice” and we can force the meeting to be postponed. Clearly, Wilson and Eacrett do not need