RE: Aroway Energy Inc29 Apr 2016 23:56
Hi Smidsy, I have been taken for the early 5 figures, I have a feeling, as I always dreaded, that Brad was a bul**** merchant. I liked the assets but his inactivity bothered me. The wells were cheap to drill, why did we not drill more, we could have more than tripled our production for far less than the debt that has undone us, higher production would make the fairly modest debt a lot more affordable. Unfortunately many of the AIM companies I have invest in seem to be run by people who deliberately run them into to the ground.
There is virtually nothing you can do to recover your loses even if the regulators have failed to do their jobs. Digging too deeply into this mess will only make you feel more pain, as equity holders we are at the back of th que and someone else will enjoy our spoils.