RE: JD the wise Shareholders are the owners of the company. They elect a board of directors, they hire a President who hires a CEO who hires a management team. The management does not work for shareholders they work for the board of directors. That's how it works. All CEOs/CFOs say they have shareholders best intentions etc - sure they do and I am sure CBM Asia's does as well. The have built you the shareholder a fanatastic set of assets - do you really understand the deal they struck with Exxon - it is first rate - US$15 mn to earn 8-11 Tcf - WOW. The company is having problems being financed because of the bad managmenet or bad markets?
I have known the story for years as well and but also realize then when a company is not the operator of a project its development runs on someone elses sheduale. Management can only repeat what the operator says. That's what the problem with CBM Asia has been for the Sekayu and Kutai West projects - delays because of the operator. What got me interested in the company is the fact they have taken control of the situaton by taking majority stakes and operatorship of the new projects. Now they have no excuses.
Management are not my friends - the day I see them fail is the day I join your side but that has not happened yet.
I am sure your shares would drop this stock below 10 cents it only takes 500 shares to drop it a penny. So you could sell 100,000 shares on right days and be there. I am sure you would be proud of your achievement. I say get the weak hands out of this stock so when the next time goes up and it will when they deliver the 8-11 Tcf they are no more babies complaining about whatever and we can go for a real run.
I know everyone is frustrated - you hear in I made this much on that stock and that much on that but I am down on CBM Asia only - bad bad bad. Fact is unless you are the best investor like Mr Flipper on average in the TSX V you lost 25% over the last year and 7% of CBM Asia.