Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
When Tower consolidated the shares with a 250 for 1 the share price was around 14p, so anyone that bought after consolidation needs a 1400 per cent increase to get back to where they were. Myself and the thousands of people that bought before the consolidation might as well use our shares as toilet paper because it would be more economical than buying Andrex. Be careful with this company the bod are the only ones that have ever made money with the glowing in the dark lies.
Where have all the ramper's gone even they have given up trying to sucker new shareholders. The smell around the Bods decisions are undefendable to anyone with a single brain cell. The latest dilution is to make sure that there's enough money in the kitty for extravagant salaries and royalties, and perhaps a golden handshake for Kev. We may also even get that Savannah back to unstick the gun that's if they still have the drilling rig. Wink wink. f****** disgrace.
Who would have believed that at the time of the low consolidation of 1p we would be where we are today, getting back to 1p will probably never happen the way things are going. Shareholders the owners of the Company have seen 70, 80, 90 per cent of they're money disappear yet the Bod the employees of the Company have become extremely wealthy over the same time. This can only happen on the Aim markets as anywhere else these people would have been sacked and facing investigations for mismanagement and extremely questionable decisions.
A few years ago Kevin foo consolidated this share at a value of 40 to 1, at the time Vog had three and a half billion shares and was worth 1p, after consolidation we had just over 100 million shares and worth 40p. Today in old money we are worth quarter of a penny and have over 10 billion shares. the consolidation was meant to make the company look more attractive to investors but any one with sense would see that this company is wriggled with debt and any spare cash that is generated goes to the management and royalties. Unfortunately I bought most of my shares at 2p and I am down 80 percent and it's going to be a massive achievement to get back to 1p where I will hopefully get out like hundreds of others.
I have been searching the internet to see if Savannah have carried out any other work since they completed the work for VOG, it is coming up to a year-and- half since they finished drilling our wells and it would seem that they haven't done any other work for anyone else. I find it extremely suspicious that Savannah would spend $24 million on a new rig for only one project especially on a contract that was originally only valued at $40 million. Something smells here and it's not Kevin's hair gel.
Vog has become a dead share, the Bod have abused they're shareholders and took every spare penny for themselves. This company could have been so much more with a trustworthy Bod.
Back after a week's suspension due to one of our resident rampers making several complaints, I must have touched a nerve. Nevertheless I have another question for anyone to answer, does anyone know the name of the insurance company that is supposedly dealing with Vog's dreadful drilling campaign. If not is it another top secret like the owners of the 20 per cent, and who are the real people behind Savannah. Our company has so many top-secrets that I am starting to believe that it is a front for the C.I.A, and not an oil and gas company.
Today I have received a notice from LSE that my comments late Friday were either slanderous, or inflammatory and my post has been removed. It is a shame that the rules only work to benefit Aim companies as they can tell shareholders any fairy-tale and they do not face any repercussions. The Vog Bod must have they're staff searching these chat rooms for any derogatory remarks about them and immediately report any discontent. Anyone got the feeling that it's all rigged against us and as soon as we get near the truth we are banned.
If our Company is running out of cash down to the appalling decisions of our Bod,you would think that they would have the moral decency to cut they're millions in salaries and also stop the other schemes they have, such as royalties, buying off family company's at extortionate prices and extravagant expenses. The in pending fundraise will be to insure the Bod's extravagant lifestyle. They obviously do not care about the slaughtered shareholders only about filling they're grubby pockets.
This share has become a living nightmare. I have been invested in Vog for over seven years. For the first five years I invested every spare penny I had each month, I even put off buying a new van for work so that I could invest that money in to the company it was like an addiction everything looked extremely promising but unfortunately it was all lies. Two years ago I finally had enough and just stopped, I had enough of the Bod stating just another six months, year, one more placement showed me that the Bod were just ripping the company off. shareholders should not look to Kevin foo and the Bod to sort out Vog's problems because evidence shows that foo and his conspirators are the company's problem. Any other market except AIM Kevin foo and the Bod would have not only been sacked years ago some of them would be in jail.
Heading fast to 2019 and the share price is still under 1p a share old money but even though everything looks dire Kevin and Dick are on two grand a day salary plus expenses, royalties, and income from equipment supply Companies??.
Shareholders keep on asking where did the 300 million go, just look in Kevin's, Dick's and family's bank accounts, yet if you listen to them they are victims as well. If Vog closed tomorrow the Bod have still acquired tens of millions from the Company. The Bod has no morals and it's a Disgrace.
Why do share chat boards have such double-standards. If a disgruntled investor vigorously calls out a company such as VOG about the way he or she has been ripped off, lied to, and promised the world without any intention to deliver they are banned. But these companies can do all of the above and more without any sanctions. AIM markets are nothing more than a Government backed Ponzi scheme run by the worst people that society have to offer.
When Foo states that African people have the entitlement attitude that's the kettle calling the teapot black.
Everyone that has a concern please contact the FCA about the way this company is being run into the ground by extremely greedy management.
I recently wrote to the FCA and they are looking into my concerns about the Bod's questionable decisions, and actions.
The more people that complain the harder they look.
Letter below.
Thank you for contacting the Financial Conduct Authority (FCA) via our online form.
I understand you?ve concerns around statements and activities carried out by the Bod of Victoria Oil and Gas. You?ve stated that they carried out a share placing for a drilling campaign that brought in 24 million but then told the shareholders the company had lost a major customer and the drilling campaign had been cancelled and that the money has all but gone. You?ve also stated this is just one of a number of questionable decisions that have been made over the years. Thank you for this information.
What we need to do is find out if the Bod have been carrying out corrupt practices is to follow the money.
If we could find out where the 22 million dollar drilling rig is now. If the rig is just sitting around in Cameroon it would show that something under handed has taken place. Also has anyone else chartered Savannah for any drilling campaigns, or are we the only company they carried out a scamming campaign for, so sorry I meant drilling campaign, this would also show that the company was only formed for one drill, this would also prove corruption.
Has anyone got any ideas how we could get this information.
I think that the share group should make a formal complaint to the FAC, the reasons being that the Bod are not acting in the best interests of the company and shareholders and there are clear conflict's of interest by the Bod members. Kevin Foo has stated a number of times over the years on television that Cameroon is extremely difficult to drill wells because of the high temperatures and pressures. This information came from the company's first wells that encountered high pressure and temperatures that devastated the first drilling campaign and the results being that it took double the estimated time and double the initial cost. The first drilling company may well have been a start-up company as it was carried out by one of Foo's family members. Having such a devastating first drilling campaign you would think that Foo would ensure that previous mistakes would not be made again, unfortunately these mistakes have seemingly been copied, after all the previous problems surrounding the last drill why would Foo hire a start-up company without any previous drilling experience to face such difficult conditions. I originally thought that it may be down to an extremely competitive quote but this was not the case, the estimate for the two wells was around 40 million this being extremely expensive for a start-up company and a market that was crying out for work due to a collapsing oil price. the final price for the two wells will not be known until the last well has the stuck gun removed but it will be somewhere around 95 million. There are also concerns about the mysterious group that bought 20 per cent of the company around about the same time that the drilling company was being paid, we also have the last account showing another 5 per cent going to unknown providers. This companies Bod is either involved in unethical activities or they are complete morons, either way they should be investigated. One things for sure at this rate there will be no company left for shareholders at this rate.
The problem we have is that the Bod are not acting in the shareholders interest only their own and its been like this for the last six years. When they do act in shareholders interests it's not for small investor like us, its for the 20 per cent shareholder that don't want they're entities to be known. There is nothing more disturbing than not being able to trust the Bod and if shareholders don't trust the Bod the markets never will and that is why the share price keeps falling and unfortunately there's nothing the Bod can do to regain our Trust because there have been too many scams and lies.
The share-price just keeps on going down, we are now worth 39 million and dropping. Now that the Bod has the shareholder group looking over they're shoulder, don't be surprised if a surprise offer comes out of the blue from someone that the Bod will not disclose. Somewhere around 40p. With the 20 per cent of the undisclosed shareholders, (WINK-WINK) and another five per cent that was given away several weeks ago to unknown providers
and all the shares Kevin's been given they may get it through, especially after the dismal voting results from the GM. Our shareholders need to look at other AIM companies as this happens every Day and we need to build support for the share group.