Member Info for Invstrat

Worrying trend around this practice of using our working capital to buy back our own shares, and then not cancel them - but assign them ‘to treasury’.

Sounds safe - but it denies the options of: debt reduction, innovation, investment in new plant and equipment, research, acquisitions……

The shares will thereafter lay as useless, dormant capital - until re-activated and awarded in the form of bonuses (thereby upping our shares on issue yet again) …….

Perhaps a more transparent and proactive BoD could also consider increasing the salaries of key positions and attracting ‘ the best of the best ‘ into the Company - rather than playing this dubious game with our liquid assets.

The lucky recipients will ultimately be decided by our BoD.

Hope they look beyond our boardroom.

No need for concern over BP’s finances Charlie ….. our wise BoD are squirreling away multi millions into their «Treasury».

International Courts can’t even enforce their ruling over the illegal use of exporting via Turkish pipeline…..

(What’s a paper dragon ?).

I also doubt if Trump will interfere in any shenanigans around - who has benefitted, is benefitting, and will royally benefit from exploiting the sale of Kurdistan’s oil (and non-payment of invoices) ……unless of course a USA Company is out of pocket).

OK - it was some hype over several years to get us onboard to underwrite the finance for startup……since then they have tooled us around magnificently……. ( what ! No quotes from our ‘Tadd’ )!

And if any of it has since found to be true - there is no way our local warlord masters are going to let any little foreign shareholders share in what is their birthright to the bonanza, and securing Kurdistan Independence will give them carteblanche to reap the riches of their Region - under the guise of ‘doing it for the peoples of Kurdistan’.

Watch and learn……..

Confusion: Erbil sends $120bill to Baghdad, Baghdad then sends back $240bil to Erbil (to pay public service ‘workers’ in Erbil).

Erbil too busy dubiously exporting our donations of oil to (whoever) to honor the oil part of the contract to submit our product via SOMO for legal export.

No doubt some tribal heads are raking in billions somewhere along the line to be sure…..…

How does this shell game supposed to encourage inward investments to Iraq ?

Why Are We holding 10.5 million shares standing isolated from reality ‘in treasury ‘ - if they were cancelled our total shares in circulation would drop (by 10.5million - and dividends per remaining shares would increase in proportion)!

Can only assume these stagnant shares will be reactivated when they are signed over to our directors/ by our directors «as bonuses» ??

Anyone smell a RAT here ??

Anyone have an current value of what’s languishing in our «Treasury» ?

(Wonder how Kate Thomson justifies that abuse of our funds - maybe just classified it as a debt - as certainly not an available asset )?

Looking much better - but concern over who our Masters are selling the oil onwards to…. Iran/India/…..?

Why are Baghdad now voluntarily paying the salaries of the Erbil civil servants - when no oil is being returned to SOMO as part of the deal ?

Something doesn’t add up here in my simple mind.

OK - previously, when Baghdad refused to pay the salaries…. the clever families running Kurdistan instead just defaulted on paying our invoices (and presumably just trousered their birthright to a chunk of that) ?

Normal practice in this region - and we should have just shut the taps until the payments magically reappeared from offshore accounts.

Longterm plan here could be to nationalize all IOCs as soon as the heavily rumoured Kurdistan independence is won - and having knocked our SP values down (due to these non-payments, and now the endless squabbles around the empty pipeline) ….the famillies will jump in and pick up us IOCs for pennies - under the guise of ‘Nationalizing is for the benefit of the Kurdistani peoples’.

Clever clever.

Sorry - GE/US …..powered

787 will unfortunately be P&W/US powered (to further help with minimizing Donald’s terrific tarrif campaign.

( best not to ruffle The Big MAN’s feathers in any way - until hé reaches a benevolent number).

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OK ~ The Donald may have decided that Baghdad inot worth the trouble…. but the gold paint in his salubrious new Embassy in Erbil still not dry.

What does that tell us about intentions…….?

Wonder if dynamically managed and cash rich Aker would be interested in buying up a lameduck like BP ?

The B-Boys are all Billionaires (thanks to us IOCs).

They have properties in several exotic locations - and the private jets to visit !

Using our funds to buyback our shares - and then not cancelling them to reduce the shares in circulation, is an old dodge.

The shares b-b will now languish ‘in treasury’ - achieving nothing for us - until the BoD sign them out (probably to themselves) as ‘bonuses / awards / incentives/retention bonuses’ …… and the dormant shares will magically be re-activated in the names of the fortunate recipients.

An old dodge. Justified sometimes as protection against ‘hostile takeovers’… (NO ! The shareholders just block that by voting “NO”.

Very lucrative for the BoD and their mates.

Just ties up a chunk our working capital in a protracted ‘get rich kwik’ for those managing our Company - by those managing our Company.

Funds could/should have been used to pay off debt, ploughed back into R&D, acquisitions……. whatever.

Watch, and learn how a BoD enriches themselves under the guise of Buying Back.

Wow - imagine the ‘signing fees’ passed under the table for approving that…..!

Should we be decent fellows - and inform the Chevron Shareholders just how this will play out for them ??

I wish the media would stop calling it A WAR - it’s an INVASION - of a deranged bullying little tinpot tzar of a sovereign Country.

Putin has already been designated a War Criminal- and should be removed from power and held for judgement in The Hague as such.

Russia owes Ukraine $Trillions in reparation.

The Ukrainian kids who were forceably taken - need to be repatriated to their families, and reparation paid to them too.

Putin has to come out of this with some new real estate to justify the slaughter of his citizen’s sons - or his peoples will lynch him and string him up in his Red Square.

Trump will gladly sign away chunks of Ukraine to secure a solution - to get his Nobel Prize for Peace.

Any Russian monies in foreign banks should be seized - and used in compensation.

Rosnyeft (any any other joint ventures with Western companies) need to be cancelled and compensated for lost revenues.

All Easy Peasy.

Erratum - they don’t trust Kurdistan banks.

(Guess who owns them ?)

Maybe they will extend us an interest free loan to cover the unpaid bills run up by their colleagues ?

I guess the markets are not impressed with the caliber of our management, and what they have achieved over the past decade.

What stands out triumphantly however - is their dogged policy of buybacks …..in spite of our crippling debt and lackluster share performance.

Surely the markets have noticed this selfish strategy - and wait to learn how they will award themselves for such abject failure ?

“Non-oil revenues’ …can only be dates (and the ruling family’s punitive share of our newly opened biscuit factory).