AOS akin to water torture
I've been invested in AOS since the market collapse in 2008 - thought the company had excellent potential and a good balance sheet, but over that span, I've seen wasted opportunities, poor management, and a really unlucky conclusion to the Clearwater West project. There are only two reasons why I didn't dump my shares - one, Adrian Goodisman on the BOD and two, the fact that AOS is trading well below cash value. Goodisman is a respected, knowledgeable player in this sector and because he remained on the BOD after the coup, I felt that at least someone there knew what he was doing and also has some skin in the game. The fact that he's still involved, is in my opinion, a positive sign...however, I'm grossly disappointed with the remaining members and management. At this stage, I honestly have no reason to believe AOS is ever going to see true shareholder value realized, which is why I would like to see them liquidate the company and pay out the 16c/share that it's supposedly worth, although their other leases should have additional value as well. I'm tired and fatigued of the lack of information coming from management and the failure of the company to realize any revenue generating potential. Retaining Tiger Capital, a completely unknown entity, reeks of potential misuse of company monies and was poorly explained (as usual) in the press release. If any shareholder proposals are put forward to end this nonsense, I and my meager share allotment will support it. I didn't invest my life savings here, that would have been dumb, but I still invested enough money here that this loss still smarts...notwithstanding the fact that my money could have been doing far better elsewhere. I don't have anyone to blame but myself for making the actual investment, but the company I originally invested in is not the same one today. I sense a massive amount of frustration here and unless management takes the initiative to better inform shareholders and give us a logical reason to stay the course, I will support any effort to end this charade once and for all. And no more investing in juniors for me...lol.