CGX Energy Inc V.OYL

Catalyst Capital

[whyworry]

I'm not defending Suresh in any way, but he hasn't had influence or control for many years.  Remember that Catalyst built Frontera and has complete control of CGX.  Here is a great article written about CC.  Long but very much worth the read.  Describes Catalyst's alleged "loan to own" strategy with quotes like "“You might ask for $5 million,” he said, “but they say, ‘Take $100,000 or how about $200,000.’. . . So they drip you until they kill ya and then they take the business over.”

https://ffj-online.org/2018/04/11/newton-glassmans-legacy-of-ashes/

[westcanpride]

For Catalyst Capital to continually invest more capital into CGX shares since 2019 via Frontera, and ultimately have those same shares become near worthless due to their inept performance, is definitely a excellent case study for university classes in the coming years.  If the license truly does lapse, De Alba might go down as the dumbest business man in the world. Only he could oversee the

[Schreibzey]

Agreed, Suresh is just the useful idiot, going back to his participation in the 2013 Pacific Rubiales PP. He's the conduit to the Guyanese Government, and that's it. If I remember right, that transaction gave PR majority ownership from 35% to 60%. Dennis Mills, none other than the head of our very own Audit Committee, was also in on that transaction. So moving forward, to the management

[SheDrills]

He's not an idiot. He's been making 7 figures a year working part-time, taking no questions and answering zero emails.  Don't we all wish we could fall into a gig like that. Maybe it's hopium but I think if the government wasn't going to extend the license it would have been officially announced already. I've just never witnessed this kind of market corruption in

[waitingstill]

You may be right. Suresh may not be stupid, just a crook and a loser. Now de Alba has shown himself to be a complete moron. How a giy can invest $250 mil into a company and another $250 mil to drill two holes and make 2 discoveries and still drive cgx sp into the ground is beyond me. I don't know if that is even possible if you have any brain cells. Yet he presided over all of this on both

[westcanpride]

If the license truly was about to be revoked, FEC and CGX would be best suited to actually release their development plan. Show how they plan to appraise Corentyne over the next couple years. Call the governments bluff and make guys like Jagedo justify his position during his weekly soapbox. They haven’t though... My guesses: a) government officials and insiders connected to De Alba are loading