Post by
elgaveeno on Oct 28, 2014 12:00pm
Bad move...
Shareholders should be worried that the corporation is more concerned with share price than growth. The only shareholders that should be happy with the company providing a prop-up are those that are looking to liquidate. Taking revenue and giving it away strongly suggests they don't have a plan anymore.They have not turned their earnings into revenue in over a year. That trend will continue. They will have to raise money off the back of a failed and still promoted business model (where is the 2500 bbls?) and ultimately they won't be able to do that without a change of managment. Sooner the better.
Comment by
mickina on Oct 29, 2014 2:18am
Really elgaveeno? So if the company does issue new shares and also if tt is buying some back in your opinion both of them are wrong for QXP? You are full of of it. Just relieve yourself.
Comment by
rknigh2 on Oct 29, 2014 7:51am
My goodness. This may be the boldest attempt to poop on this company. Buying back shares with excess cash is a great move at these depressed prices. You're hilarious.
Comment by
elgaveeno on Oct 29, 2014 8:46am
sorry, explain how... I doubt that you could. No offense. the share value is only going to go up if the management knows how to find and produce oil and gas. You invest in a junior because they can take a dollar and turn it into more. Period. What this move signals is two things: arrogance - the shares are worth more. Ignorance - they don't know how to find and develop.