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ETF Investing made simple; CEO of justETF explains why


Bowleven Share Chat (BLVN)



Share Price: 32.50Bid: 32.50Ask: 32.75Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.25Spread as %: 0.77%Open: 31.50High: 33.00Low: 31.50Yesterday’s Close: 32.50


Share Discussion for Bowleven


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chris211
Posts: 414
Off Topic
Opinion:No Opinion
Price:32.50
All Figures
Today 17:16
Below taken from COC letter to shareholders.
 
chris211
Posts: 414
Off Topic
Opinion:No Opinion
Price:32.50
COC
Today 17:15
To me looking in this would appear somewhat of a no brainer.

Crown Ocean Capital have a reason to issue this GM request... 'In total, the Company has raised more than US$580 million of equity from shareholders over the last 10 financial years only to see the share price collapse by around 90%' whilst ...'the Board was awarded a staggering amount of US$44 million in overall remuneration over the same period;' and stated that ...'The cash burn in the company has been alarming with overall more than US$100 million spent during the last 2 fiscal years alone (with a corresponding US$20 million in administration expenses)'.

In essence they wish to earmark cash to bring on Etinede and reduce board members to 3 and slash running costs.

People on this board could be annoyed at me as I will openly admit I don't hold. Throughout the years I have been in and out of VOG however and I would never look at BLVN as despite its assets there seems to be a huge burn through of cash.

Of course it is only my opinion but I think that the three board members COC recommend would seem imminently well qualified, they would have a direction to go (Etinede) and costs would be slashed.

To be frank someone has to ask what have you guys received in return for almost $600M dollars over 10 years and then ask what have the BOD received, are they aligned.

And to stave of any comment NO, I am not holding VOG as a good example nor would I infer anything un-propper has happened here however Kevin Foo from VOG has invested his own money in the company and accepted payment in shares in the early stage.
naks
Posts: 2,861
Off Topic
Opinion:No Opinion
Price:32.50
RE: COC
Today 16:51
I think youget reverse these things and say it about the current board and you would still no be far away.IMO
NT22
Posts: 575
Off Topic
Opinion:No Opinion
Price:32.75
strange
Today 16:49
asking 31.5
yet more buy orders and current price 32.75?
tunggie
Posts: 656
Off Topic
Opinion:No Opinion
Price:33.00
RE: COC
Today 16:22
You wouldn't say this is slandering.

Why the Board recommends that you VOTE AGAINST all of the Resolutions:

They conflict with minimum corporate governance standards
COC has no credible strategy to maximise asset value
COC intends to strip cash, weakening the Company’s balance sheet and substantially reducing its options
They jeopardise existing plans to deliver long term value for all Shareholders
tunggie
Posts: 656
Off Topic
Opinion:No Opinion
Price:33.00
RE: COC
Today 16:13
Empty threat and empty promises. COC do not have a plan so is open to speculations, not slandering.
durby
Posts: 2,143
Off Topic
Opinion:No Opinion
Price:33.00
RE: COC
Today 15:24
About time. Some of the stuff reported as "fact" in the rebuttal RNS are not "facts". Such as the remuneration. If COC does drag these lots to court, hopefully it will be in their personal capacity so that no further company money is wasted to defend these leeches.
slipanchor
Posts: 648
Off Topic
Opinion:No Opinion
Price:32.75
View Thread (2)
COC
Today 15:16
Have threatened to sue the BLVN BOD if they continue to make slanderous statements.
durby
Posts: 2,143
Off Topic
Opinion:No Opinion
Price:32.00
RE: Bowleven and Victoria Oil & Gas
Today 11:58
"Vetted over 50 nos. of business opportunities and not a single one was suitable. WTF did they look into those proposal in the first place???"

These lots have such high standards for quality that nothing appeared good enough to them especially as they were not comfortable that any of them would add a lot of value to shareholders ...

That's what KH will tell you I think if you ask that question to him :-)
BigBear2
Posts: 2,665
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:31.50
View Thread (2)
RE: Bowleven and Victoria Oil & Gas
Today 10:07
Glad to see many holders here singing to the same tune...KH and the clowns out.
It was, and is, unforgivable to not seal a single deal in the downturn.




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