Spyglass Resources Corp SGLRF

RE:RE:RE:Looks like Tom has a new job!

[flooring]

This is from stockwatch:
John Wright's Spyglass Resources Corp. (SGL) lost 17 cents to $1.91 on 2.12 million shares. The market did not like its year-end financials. Loss for the fourth quarter was $16.8-million or 13 cents a share, compared with analysts' predictions of a loss of just three cents a share. For the full year, however, results improved; income was $43.3-million or 39 cents a share, compared with a loss of $152-million or $2.50 a share in 2012. (The improvement likely meant little to investors, because the 2012 results included $190.2-million in impairment losses.) Spyglass expects this year's production, which comes mainly from Alberta, to average 15,000 barrels a day, down from nearly 17,000 barrels a day when the company was formed. In part this is because of shut-ins and bad winter weather in late 2013 and early 2014, and also because Spyglass sold over $22-million of assets last year (as well as another $3-million in January). Despite this, the debt level has stayed stubbornly at $300-million. The working capital deficiency as of Dec. 31 was $25-million. Shareholders seem worried about the safety of the 2.25-cent monthly dividend, which yields 14 per cent.

Does Tom run the company? Or is it just that confusing with all the CEO's being board members on each others companies.

Flooring