RE:RE:If Catalyst Capital had control over FEC they would get rid I takes a special kind of stupid to blow over $1.5B and have precious little to show for it... and that's just series V. He still has other Series that are also outstanding and not delivering.
End of day, De Alba has proven himself to be a tremendously successful con artist... he says the right things but never delivers anything of value. Frontera/CGX is just another sad example of his efforts.
Imagine finding oil, in Guyana near massive super majors, with a government desperate to see oil produced, and yet the two companies your tasked with running and trading at multi year lows. Hopefully De Alba takes lessons from HL on how to conduct business deals. I
On other hand.... De Alba is now paying FEC shareholders a whopping 6 cents/share! The entities invested with Calalyst Capital must be jumping with joy to see all the massive wealth pouring into the company coffers.