RE: DRAFT: Open Letter to FOG Chairman7 Jun 2024 15:04
Thanks. My motivation for posting is to ease some pain, that perhaps some, may or may not be feeling.
Some years ago I was “had” by a network marketing company, I won’t name, to make a long story short my judgement was impaired, and I lost/wasted a significant and embarrassing amount of money. Because, I bought into the “story”, and kept shoveling in more money, then a little more, then a little more.
Companies make money when they do something that makes money and exploit that something. Beware of companies that aren’t making money and say they will make money after doing this, this, and this. The this may not work.
What a gut punch when I woke up! And here I am, having had this stock for 10+ years.
So maybe my comments will help, maybe they aren’t needed, does it make sense to double down and continue to feed money into this? And continue to have impossible dreams?
Be realistic, about this “world class asset”. The gas is still in the ground. It’s always “just wait for the next well”. And when that well happens, the stock price goes down. And like you said, certainly years and years to go. Potential buyers, and institutional investors know this - a road show is unnecessary.
GLTA