Here is a copy of my post on the pages of the Scottish Nationalist Party.
"Should Scottish offshore oil assets be nationalised in the interests of Scotland and small shareholder investors? I write as a resident of England and also a member of the SNP who sees the EU as the only fair way forward to ensure the savings of small investors in AIM (the Alternative Investment Market) are protected. They should not exploited by Directors or speculators to the detriment of the people of Scotland and genuine investors.
I cite the example of Xcite Energy and wonder if the SNP are aware of similar cases. I seek the advice of the SNP as to objectives of a shareholder action group that may could perhaps require full investigation as to why and how the Directors of this Company, with proven North Sea oil reserves, have condoned a situation where, to the detriment of shareholders, the business is unable to pay bondholders ."
Are we looking at the possibility of an action group to represent the interest of smaller investors?
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