RE: Is anything happening here?23 Feb 2023 18:58
testpack, when I first invested in Sound, Gerry Orbell was CEO & I made a point in establishing a contact with him. As it happens he lives in a lovely little village called Storrington, which is very local to me. We met at a Pub & had dinner & a chat. After the affable Orbel was deposed in a boardroom coup the even more congenial Mr Parsons was elevated from CFO to CEO. So I made a beeline for the new 'Major Domo'. He knew who I was & was keen to connect with his shareholders via a useful conduit such as me. He was new at the job & I fealt he liked having a shareholder to talk to. We did meet on many occasions for drinks & lunch culminating in his asking me to give a sharholder chat at the Shard, something I still feel much pride in. I also participated in 2 trips to Morocco & attended AGMs & events. I have been to HQ several times & got to meet up with many staffers. This I did off my own back looking after my interests, but also trying to get a 'feel' of the mood of the camp. James was never one to let anything specific slip off the tongue...but faith, conviction & belief in the Company was always guiding our conversations. I fealt him most sincere & if guilty of anything it may be over- enthusiasm, excessive ebullience & exuberance. He wanted to find hydrocarbons in Morocco as much as any shareholder.
I can't speak for what James Parsons has dome since leaving Sound & I hope the AIM hasn't corrupted him beyond the person I knew to be genuine, hard working personable & enthusiastic. He tried his best to reorganise the Company after the avalanche of shares that dear old Gerry had landed us with. No one complained at the time of Jame's 'innovative' debt restructuring & of course no one minded when the shares skyrocketted! From 6,p to 66p in that initial run back in 2011 (if memory serves). Then again we had a big increase ((post consolidation) to £1.04, this represented a huge rise from a very low base. Shareholders had the chance to make huge gains - not just once, but twice. Admittedly I missed the first 'Nantucket Sleighride' because I was so enamured of the Company...but once bitten twice shy. When it happened again I was not going to miss out! I sold when the share slipped from £1.04 to 89p. I saw the writing on the wall & had been there before.
In short, I enjoyed every last minute of being a Sound investor & had a great time. But there's nothing more than that to tell so tedtpac, move on, there's nothing here to see...unless you are one of those 'conspiracy theorists'.....
Good luck & best wishes to all!!
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