Member Info for Invstrat

More meetings = more biscuits required ….. so that’s great news for us suppliers.

Still wonder where the money which should have been paid to us infidel IOCs actually went ?

Corruption Goes right to the core - so no efforts to seek out the guilty parties will ever be made of course.

The skies over Baghdad will be buzzing with private jets and choppers for this weeks meeting (and again over Erbil next week) as our masters jet in for the next round of useless meetings.

We need to give up on having our debts (+ interest due) ever recovered, or this will go nowhere.

Focus more on agreeing a slush fund to satiate those in power, and things will magically be resolvend.

Easy Peasy.

Why on Earth would the board see ‘common sense’ and deflect this crazy buyback policy into paying down debt ?

Every share they can deflect into ‘The Treasury Trick’ is destined to be awarded to themselves - and quite soon too.

After they have awarded themselves these shares, they will return to more sensible actions like buying back and cancelling, or paying down our humongous debt.

Thereafter our SP will recover and their newly awarded shares will increase in value.

It’s that simple to take candy from us babies !

Watch and learn.

Sliding chunks of our working capital, on virtually a daily basis, into share buy-backs - destined for safe keeping ‘in treasury’ is great news ;)

For management.

Perhaps using our valuable funds to eg:

Reduce our massive ongoing debt, cancel the bought back shares to reduce our shares in circulation, distribute the cash as returns to shareholders via dividends and a steadily increasing share price, dynamically expanding the business, betting on horses….. whatever.

Virtually anything - rather than arrogantly and openly building up a further treasury war chest - which we all should now realise - is soon destined for distribution by management among management as bonuses and rewards to each other for their joint efforts in contributing to our current stellar Company performance.

These lost shares will therefore NEVER return a benefit to us shareholders.

Who voted the BoD the facility to perform this abuse of our funds, one wonders ?

How can we -as meager shareholders- stop this patently self-rewarding practice during a period of embarrassingly negative performance ??

Sun,Sun,Sun …yawn…. as usual here in Dubai.

We regularly supply a large variety of biscuits Busy - a request to include cookies has been recently added to the monthly order……

Another 10m shares bunged into Treasury to vegetate - predicting bumper management self- awards will be announced at the big meeting next month.

Perhaps awarding one’s peers for disastrous management which is reflected by associated SP train wrecks - may be unpalatable to shareholders…. ?

10m more squandered on bolstering our overflowing treasury again today.

Super - our new NED will expect them as part of his ‘welcome to BP’ package.

His expertise as a Remunerations Supremo is just what we need right now……wonder if he is mate of someone in a high position ?

The strategic genius of our BoD around agreeing this critical new appointment is no doubt dazzling the whole industry.

You understand that I’m very busy with biscuits these days - but if I recall, Turkey was still collecting a cool $million a day - even when nothing flowing ?

My other query is - I understood that our local masters were road tankering our product in an Easterly direction over to their brothers in Iran (paying us on time at least - probably for our discretion) ) and earning handsomely as is their birthright) ??

Agreed Belg.

The walkabout payments are eminent ly , of course they are.

Name & shame (but you just don’t do that in this region, or you wake up sharing a pillow with your favourite camel’s head.

We need to agree to set a % aside for ‘local lubrications’ - or nought happens.

Can report bumper biscuit sales at meeting today (Jacob’s Club sales disappointing - probably on religious grounds).

Only need to sort out a means of ensuring pilferring to satiate the rulling famillies - and this will be solved pronto.

It’s that simple.

You know d*mned well Jim - that I’m deeply into The Baghdad Biscuit ! Co.

…. Now where’s that Aston Martin catalogue…..

The mess we are in - a predator would be welcome (and a takeover).

Good to welcome a new NED… his position heading up the critically important Remunerations Committee should help hoist the Company out of our purgatory.

Probably a storm in a teacup - as long as plenty of our biscuits on hand…..

Disturbing to hear that 270 million of our ‘bought back’ shares are now dished out from their splendid isolation ‘in treasury’ to recipients as non-performance awards !

No amount of accountancy jargon can cloud the issue that company cash is being used to purchase our own shares, then (after a spell in ‘treasury’ to sanitize them) they re-appear as qualifying shares in the hands of undoubtedly hard working staff Bonuses.

We should not be awarding anyone anything during a period when the company is overall failing to perform against competitor’s KPI’s.

Just need to get those who trousered our missing payments to own up and return the cash (let’s not forget the interest due too).

….as if they would.

Shares purchased with our precious working capital and end up “In Treasury”!

Allways get discretely syphoned off as ‘bonuses’ by management for management to management - (it’s embarassing having to repeat this !).

Totally justified when the company performs exceptionally over a period.

But:

Here we are with huge debt, vastly underperformed cf our Peers, confused management, SP in the doldrums…….

Nearly half a billion shares languishing “In Treasury”.

Why, one wonders ?

We could probably have cured cancer for what this brutal invasion of brave Ukraine by a demented little tinpot tzar has cost the World so far.

Putin and several of his military coleagues are already designated War Criminals - so how can they ever participatie in any negotiations ?

Ongoing Muppet Meetings then……Great News for my Baghdad Biscuit Co. investements ;)

All this brinkmanship could be avoided in 24hrs if they bought in The Donald to arbitrate a deal.

The missing payments was so much that it must be traceable (but perhaps that result would incriminate person or persons of local importance)….. so no efforts in uncovering the truth will be initiated.

Assumption probably is that we have no rights here, and will just give up and swallow the losses.

Honour among seriously wealthy persons …..

How dare the BoD waste another $1.75 BILLION of our scarce financial assets in that lost-leader tactic of buying back our own shares (which notoriously) return zero measureable benefit when debt pay-down or dividend increments cause an immediate jump in SP !

Cancel these 480 million of our shares laying unused and burning a hole «in treasury» before you do something crazy like assigning them to yourselves as well earned bonuses.

We shareholders are watching……