One still gets the feeling this management cannot have been so consistently stupid as they have appeared to be over the years, and there is some form of undeclared support they have not yet felt the obligation to disclose, no doubt due to price, while they continued to flounder by attenpts to go it alone and succeed by that method.
If there is such a back stop in place and one prays there might be, almost criminal shareholders were not advised of this years ago with the degree of management incompetence that has been evidenced in the interim by expenditure, asset value, and the current market cap. Jmo.
Having had a few spare hours to myself today I have traced back my investments in XEL
I would rather I got NO RETURN from my >100k investment iN XEL than see the PIs(the common man/woman) get further screwed by the conman/crook that is Rupert Cole.
Rupert Cole will come out of this smelling of roses and richer than most of us could imagine, but he will never be able to hold his head high as he is a crook/thief in my book, not to mention he will be living his life looking over his shoulders. IN SHORT HE IS A FAILURE.
Rupert Cole has raped this company and destroyed it of any future and now the BH are coming in for the kill. Let them. I say put XEL into admin and let us take our chances. At the AGM Rupert Cole will continue to lie and mis-lead all of us and I bet their is a BIG JAM TOMORROW story.
No D4E No D4E No D4E No D4E
All my opinion
Looking fwd to seeing you Rupes, do shake my hand and tell me why you stole my hard earned money. You crook.
don't agree, when Smith left the whole lot should have gone, or at least not replace him with a minnow. They were all culpable in the exec stock sale, the 2011 fiasco with the rig contract, DECC and the EWT alternative, funding, and the lack of any essential necessary industry support garnered on the FDP/partner side except for BP.
hopefully by now even XEL stockholders have learned to become more focused on being critically vocal of this BoD at the upcoming AGM with the variety and amount of demonstrable absolute guff we have been fed over the years. They should be evicted from their corporate positiions en masse as being culpably incompetent across the broad spectrum of management activities.
The amount of absolute c**p stockholders have been fed over the years while these manager have wasted millions with their ineptness clear for literally years now. Just hope for a concerted move at the AGM for them to be fed to the fishes en masse, get this thing up for sale asap at some relevance in price to the 1P reserves so stockholders can at least recover something, as opposed to seeing these people at the wheel sucking up unjustified salaries for any longer.
Tim I am sorry to inform you that our wassok of a CEO is good at 2 things being as evasive as a virgin in a ***** house & the other is aligned to the ***** that he is ...taking his salary,. You will be astounded at the sheer impudnace of the creature ...hope it goes well & you are not to disillusioned after seeing it in the flesh! Rupert must go!
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