Second Wave Petroleum Inc SCSZF

Position of camonay

[idleSpeculator]

If it wasn't for the large shareholdings by most of the people on the BOD, and only the one debenture loan to Charles Walker, I would be seriously concerned about the companies lack of funds and and the ability of management to pull the rug from under if they so chose. Spinner are there any parallels with Napier or is SCS's financials not so far down that road? One thing, right now compnay needs our support, and we need them them come through for us, alienating them could backfire very badly. Particilarly we need support from the major investors in the company, the ones we seem to like to chase away. No point in digging over past events, just think it is worth bering in mind for future. If the compny does get deperate for cash, they need to know that they can raise it from us in a PP. Because if they need money and they don't do a PP, we are all sunk. I know everyone including management want to avoid a PP at these levels to avoid us all suffering dilution. We have seen them selling LLX shares to raise cash. Might be worth contacting the company and let them know you are willing to support if required. JMO Idle