Nostra Terra: New management, same old story, an AIM posterboy places yet again29 Jul 2024 20:44
By TOM WINNIFRITH, THE SHERIFF OF AIM
I had rather missed the news that after fifteen years Matt “praise be the Lord” Lofgran left Nostra Terra Oil & Gas (NTOG) in May. Repeatedly forgetting Matthew 19:24, Lofgran paid himself $200,000 to $400,000 a year for his services to value destruction. That, and the never ending operational cashburn, was paid for by Nostra Terra issuing new shares more often than I have had inappropriate thoughts about Cheryl Cole. Lofgran may have gone but the culture is unchanged.