Arcan Resources Ltd ARNBF

Fire the board?

[mathwhiz]

C'mon people, if Alberta Health can fire their board, why don't we work on it? Our stand could be the same, we don't agree with the executive bonuses either!!                                  https://www.theglobeandmail.com/news/politics/alberta-health-minister-fires-board-over-executive-bonuses/article12490983/#dashboard/follows/

[Beermug]

I agree with you Mathwhiz, i notice Barney miller has given up his quest to save the management from toilet cleaning which by the way is the only thing they would be good at. i DO commend the BOARD with making mark smith the COO and MORE THAN LIKELY A  RAISE. Now that takes the amount of VP'S to 5 for a company that produces around 4000

[bonjovi501]

These small cap stocks are on the verge of going even lower and many people have followed this to the grave. I need 3X times the current share price before I even see black and the way this is going it is not looking good. We have another month at least of down time for oil stocks so where will this go? I would not be surprised to see us under .40 but we will bounce this fall to around .80 and we

[wordless]

"I need 3X times the current share price before I even see black and the way this is going it is not looking good."   Lucky you sir!!!!   I need 4.25x.

[barneymillar]

As I understand the published material there were no executive bonus payments in for 2012. Blame the executive all you want but they do not control the market. Short sellers looking at the debt and buying the debs control the stock price. You are not the only individual disappointed by the stock price but firing the Board or management will do nothing. Have a little practicality as it is

[BWJohn]

You must be management or related. Blame everything or anyone (including the "whiners" but the management. We have not seen them take any accountability for the disgraceful share price. And then they have you absolving them of any part of it. Fire a few if them, make them accountable for mistakes (chemicals) and maybe some confidence in this company will return! I need $2:30

[barneymillar]

Average down?

[mathwhiz]

Beermug, Barney's BAAAACK!! And watch out, the man who can't spell worth c*ap has his k-n-i-c-k-e-r-s in a knot. Barney, good job, you made me laugh today. Given that Arcan hit a new 52 week low, that was a pretty impressive feat on your part.

[barneymillar]

I repeat, average down or better yet sell the stock.

[BWJohn]

averaged down10,000  @ $.50 now need to average down to average that average down! Fire the board!

[barneymillar]

Wrong on both points. Don't misunderstand me, I have no quarrel with you. I am equally PO at the share price but the reality is the market for junior oils is in the tank down 30+% this year. The only way for this company to get out from the debt and therefore the overhang on the share price is a cash injection to lower the debt?

[mathwhiz]

Barney, you were absolutely correct. There were no executive bonus payments for 2012 production that have been disclosed. They only disclosed the 2011 bonuses of $100,000 each, paid in early 2012,  in the 2012 Year end documentation I do believe. Correct me if I am wrong on that. They still have 6 months in 2013 to sneak in the 2012 management performance bonuses. Remember, in the fall of