RE:Frontera Ownership of CGX & how the Stole 20% WI! WCP, I am not defending management (I think they have breached their fiduciary duty to Shareholders and are extremely incompetent) or how this went down and I too am disappointed to where we are. You make some valid points. However, I understand that beggers cannot be choosers. As a result, when you are desperate you do things you are forced to do and usually it does not turn out well. Think of a crack addict and the things they would do for the next hit.
However, none of the information is new or unexpected. I have not gone back to your other posts, but you have been harping for a long time on bad management and the potential of FEC to essentially do what you have stated has now happened.
Therefore, I would say the only person to blame is yourself. When the price went up you could have sold CGX and converted to FEC and your post would be how great management of FEC is and how they stole CGX and you would have been happy. But... I presume you got greedy. Wanting the homerun and therefore you left your money in CGX. Instead of taking a double with FEC you swung for the fences. Not saying that is the right or wrong decision but you have to live with your choices. Of course I do not know what you have invested or not, just speculating based on your posts, nor do I want to know.
For the record, I swung for the fences too and did not diversify and am still hoping to hit the home run. The difference is that I have accepted (begrudgingly) the fate of my decision. Have you?
I hope we both get homeruns here. I take a triple now based on the new information. I'm just happy we were not bought out completely at this level and we live to see another day.
GLTA.