Member Info for fortunehunter

With the SNP and the Greens now in cahoots the oil industry north of the border is up against it.

Like a lot of people I saw Parkmead as another Dana and piled into the company heavily right at the beginning. Gradually it dawned on me over the years that this was not another Dana and Tom Cross seemed to be treating Parkside as his own private company, with the minimum of news, as the shares became less and less valuable. We all lived in hope that the company would take off but so far it hasn't and you have to wonder whether Dana was just a lucky one off for Tom Cross. Topping up to dilute the loss seemed the best option over the years whilst waiting for the company to realise its potential. Finally after many years I have lost patience and sold my shares, accepting a large loss. I'm sure the Cross family and Board are living well on the company but long term shareholders like me have nothing to show for years of faith except a large tax loss for use in the future!
Its disappointing but I wish the optimistic diehards who have been with Parkmead like me since the beginning and are still waiting for gold at the end of the rainbow all the best. Here is one shareholder no longer convinced it will ever happen.

I’m the same as you. I have held PMG since Tom Cross joined after Dana. Like you I have lost a small fortune in dilutions etc. etc. over the years. I am at a loss to know where this is going. Eternal optimism by the usual posters but nothing actually ever materialises.

Trouble is AngelMarbles he has been saying something similar every year since 2010 when I first bought in.
I've a horrible feeling this company is just going round in circles at the investors expense.

I thought you were joking about the catering company - but you're right. Is this another of Tom's diversifications!

Another 'false dawn' followed by the usual news blackout!

I suspect the problem with PMG now and in the future is that a lot of investors who have been here for years, with blind faith in TC, are sitting on big losses and just hoping for it to rise to a less painful level before bailing out - which then just pulls the sp back down as people sell. Until something positive is announced and without any real movement or urgency, the sp will just languish in the doldrums while TC & co live well on the company.

Hmmmmmmmm ......maybe not - perhaps just another fed up PMG investor, seriously out of pocket, having waited patiently for many years now for TC to prove he is not a 'one trick pony'. The room is getting quite crowded!

Oh for some dynamic management!

I have actually been with PMG right from the start - sitting on a shed load of shares - based on the view that Tom Cross was something special. I have accepted since then that Tom Cross is either a poor communicator or just arrogant, assuming that his reputation needs no justification and he knows what he is doing.
Well here we are years later, with the share price languishing, little to no information, promise of jam tomorrow and the latest land purchase that needs a lot of explaining. Maybe he just got lucky with Dana who knows. But yes I'm certainly looking for a sign, news or anything else now that convinces me the (PMG BOD) actually understand that PMG is not a private company but a public company with shareholders.

Lets face it, all but the most hardened Tom Cross devotees (we all know who they are) think this whole land purchase stinks.
Lets hope Tom Cross' reputation wont be too tarnished by this tawdry affair and he issues an amazing RNS soon to put a bit of life into the sinking share price. We can all live in hope!

Could this planning application, on the land that has been purchased by PMG, merely be for the wind farm managers office do you think?
I hope there will be some good PMG news from somewhere soon to offset this latest worrying 'multi energy'enterprise!

Unfortunately I'm not convinced that pursuing a multi energy policy is what's actually happened in this instance.
Lets see if the share price keeps heading south next week.

As a long term investor in PMG I am concerned that things are going to get a lot worse for PIs over the purchase of this land under the guise of diversifying into 'renewables'.

This is getting ridiculous - talk about an arrogant emperor with no clothes.
All this conjecture - this is a public company with shareholders who should be told what is going on. We own a share in this company and the share price is sliding because a lot of shareholders are losing patience/confidence.
This bulletin board is full of people second guessing what is happening. If Tom Cross has bought some land from his wife there may be a good business reason. Why not explain his reasoning. Perhaps it is a short arm transaction which needs scrutiny. Who knows, but continued and unquestioning blind faith in Tom Cross is wearing a bit thin now.

Any thoughts Mary?

Trouble is Mary being on the plane with your suitcase full of money is all very well, but at present the pilot refuses to tell the passengers who bought a ticket where he is going.

Any feel for when that might be Mary?

Beginning to wonder myself through lack of news whether this is just arrogance, or whether TC is actually at a loss for something to report. The silence is becoming embarrassing.

Very interesting - but this board is dedicated to Parkmead. Are you in the wrong place?