RE:RE:RE:They simply did not keep their word- YES, the PLAN Of ARRANGEMENT was a SERIOUS BREACH OF TRUST to Gear Energy shareholders who 'expected' MEANINGFUL STABLE DIVIDENDS
- HOWEVER, in ALL 'LIKELYHOOD'; the GENEROUS dividends WERE NOT SUSTAINABLE for the REASONS GIVEN in the LATEST GXE new release
* UNSUSTAINABLE dividends are a VERY CRITICAL RECURRING PROBLEM in EQUITY INVESTMENTS {see BCE for the lastest dividend PILLAR to FALL}
MyTake:
- BITCOIN has MOST of the ATTRIBUTES of a VERY SOPHISTICATED & ORGANIZED PONZI SCHEME with the ADDED RISK of a FUNCTIONAL HIGH-LEVEL COMPUTATIONAL and ELECTRICITY INFRASTRUCTUE THROWN INTO THE MIX
- YES, Lotus Creek G&A per boe/d is VERY ELEVATED but HOPEFULLY this will DECLINE as petroleum production is SCALED UP
z173