GREY:LSTMF - Post by User
Comment by
darkstreamon Apr 09, 2015 6:36pm
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Post# 23614488
RE:RE:RE:I am starting not to like Wright very much...
RE:RE:RE:I am starting not to like Wright very much...Wrights Business Plan was flawed from day one. Every penny of excess cash was paid out in dividend. He stated that the goal was to be cash neutral each quarter after servicing debt. Grow the company thru leverage thinking he could sell the company for a huge windfall. The brainiacs on this board kept telling me the dividend payouts were appropriate. Every time I called for a dividend cut I was mugged by everyone on this board at that time. Today Wright said excess cash will go directly to debt. Once the hedges run out there will be no excess cash. Time to package this dog up and sell to the highest bidder. Wright thinks this is just another oil cycle and will correct eventually. Once again he is wrong. This is another piece of The New World Order which the 1%ters now own.