A hard truth17 Aug 2021 04:18
I was all for giving MH the benefit of the doubt, but it is clear to see that this is now going the same way as Sound did before GL took over the helm. Sadly, this company will always be tarnished as long as James Parsons is associated with it. Don’t get me wrong, I am invested for a great deal of money, same as Sound Energy and desperate for them both to do well, but sadly it’s taken a hard loss to learn some valuable lessons on investing in AIM shares.
Aim is a different animal altogether and CEOs, Chairman’s simply do not really care about shareholders, we are simply there to feed the machine so that they can continue to pay large salaries. Like I said before some weeks ago, MH salary for a company of our size is obscene, and I qualify that statement after many years of working for major oil and gas companies. The share price is simply not good enough, and now they want to dilute the share register even more, I simply don’t get it and cannot understand why we cannot now pay for bills and keep a lid on debt.
We lost a year with Covid in 2020, and its nearing 2022 in a few months’ time so that’s 2 years where we have languished..
The last paragraph of the RNS says it all for me, they strongly advise due to covid uncertainty that people do not attend the meeting. I don’t get that also, yes, we are living with Covid but the Premiership is back in full swing and they are concerned with a few people attending a meeting.
They should be encouraging attendance so that they can reassure us the investors the reasons why they are wanting this resolution to pass, they simply do not want people asking relevant and demanding question. I am desperate to go but sadly I am overseas working.
I really want this company to turn itself around but I am struggling to see how it can do so. I am not saying that MH is the wrong man for the job, but he must be held accountable and if this resolution is blocked then shareholders then it would send a very strong message that enough I enough.
In reference to Sound, it simply has a better feel to it now that James Parson has left. Yes, there are still hurdles to clear but what is apparent is that shareholders are showing confidence of Graham Lyons, for me its James Parson that needs to go and I would be all up for that if it could be achieved at some point in the future. That man is hamfull..