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Bullboard - Stock Discussion Forum Southern Pacific Resource Corp STPJF

Southern Pacific Resource Corp. is a Canada-based company, which is engaged in the thermal production of heavy oil in Senlac, Saskatchewan on a property known as STP-Senlac, and thermal production of bitumen on a property located in the Athabasca region of Alberta known as STP-McKay, as well as exploration for and development of in-situ oil sands in the Athabasca region of Alberta. Its STP... see more

GREY:STPJF - Post Discussion

Southern Pacific Resource Corp > Not to Happy with The situation
View:
Post by farmerman on May 29, 2014 9:20am

Not to Happy with The situation

Normally I read and don't post, I hold this as I feel it is a good play. Yesterday I called Greg Foofat
I left a message asking him if he could let me know if they will be doing a news release letting people know if the review is not ending as announced!!!! as Adam has said I understood that the Review will not be ending at the end of May. I said I was going to be away from my phone could he give me a heads up and let me know yes or no by texting yes or no. He called me twice. First was pleasant enough second call chastised me. I will not give you a heads up that we may or may not do a news release (bare in mind saying there is a news release and not talking news is no issue) Then he says I have told you twice no so quit asking, the strategic review is on going.

I am tempted to put the audio online and email the board of directors.
IS IT NOT THE IR MANAGERS JOB TO ANSWER QUESTIONS?????
a pleasant no vs stop asking is far better dont you think???
Telling me to stop asking is intolerable. A canned answer of we are ongoing is acceptable but telling me I have to stop asking is not acceptable
I understand that a public company has an obligation to inform its shareholders of a material change and they had advised it would end May30th. Not ending it seems material to me.

I am seriously pissedt off about this don't call and ask cr@P
I hold 600 000 shares perhaps all of us on the board should put shatners rug forward as a nominee for a director of the board. The share price deterioration and feeding shareholders sh!T needs to stop.
Dave
Comment by whatabuck on May 29, 2014 9:32am
Sorry to hear that Farmerman, that is why I am unhappy with the management of STP. It seems to be indicative of how this company deals with shareholders.
Comment by ShatnersRug on May 29, 2014 9:50am
Dave, that treatment is unacceptable. It's Greg's job to be a sponge. I wouldn't put the audio clip online as it would just inflame an already tense situation with IR and other investors. What you could do is mail it to members of upper management. If Greg said nothing wrong, then he has nothing to worry about. If he crossed the line.... then it should  be made known to his boss ...more  
Comment by rad10 on May 29, 2014 7:41pm
Hi DAve / Shatner - I have had a few conversations with Greg.  I have always found him to be amicable and polite.  Difficult to get a whole lot out of him - but he is tied up in red tape.  It must be a tough job at the moment.  A lot of people want to know what is going on - and he not at liberty to give preferential info to one group of investors. Cheers
Comment by wittmann on May 29, 2014 4:42pm
LOL.,This board is starting to become a comedy show.With everyone on this board gumming about  the amount of shares they own,and then being steamed because management wont give 'em the time of day.LOL...the nerve of them to ignore an anonymous caller...How dare they ??? lol.no offense farmer but with your 600,000 shares,added to everyone elses on this board,it surely adds up to almost ALL ...more  
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