Silk Energy Ltd SLKEF

RE: Important Day

[victor2009]

Nickel77,

We should never underestimate the naiveté of doingthejob/aatozz. Anyone that tries to pull off that survey/AGM attendance fiasco that aatozz tried a couple of years ago, has no bounds as far as foolishness. If that didn't convince everyone of his lack of good judgement, his announced worshipping of the management antics in this conglomerate should do it.  Imagine, he spends weeks taking a foolish survey, and compiling a list of ten questions for the AGM - stammers out one question and then backs off when he is promised a luncheon with the Randy Man. This level of foolishness is not cured by the reality of a stock plummeting from a promoted high of $6.69 to an all time low of 12 cents. aatozz has been praising the management skills of the CEO throughout this slide - a shareholder who is wowed by his company going from a market cap of $390 million to a market cap of $8.4 million,  has some serious judgement issues.

My guess is that aatozz will be back to support his idol CEO - either under his doingthejob alias, or some new moniker. He may lay off the praise for engineering the URSA fiasco - he could maybe praise management for doingthejob for shareholders with that NSR royalty purchase that smelt.  Or he might tell us how dazzled he is by the compensation committee doingthejob for shareholders with that loss of office package to reward the CEO if he resigns for "Good Reason", or leaves for a number of other reasons. I think aatozz is the only one capable of the inane reasoning required to justify these deals.

Just a note on the capitalization the market has put on this conglomerate. It equals the value of cash and short term investments in the last quarterly statements [June 30]. If the cash and short term investments burn at the same rate as last quarter [$1.5 million], I could see the market valuing this conglomerate at under ten cents a share over the next quarter. My guess is ISM expended more than $1.5 cash and short term investments in Q4; unless they didn't proceed with the drilling and NI43-101 they said would be done in Q4. Unless this outfit stumbles in to some sort of miracle, the first quarter of 2012 could be a replay of the year they released the company maker [or was that "breaker"] Micon report.