RE: Riddlers4 Dec 2019 15:19
Jonesy. It's funny that you keep posting this. I thought in the original the poster said he is no longer a shareholder and wouldn't be posting again. Did you omit that? Contradicts what you are all about really. Wait a second I see a flicker in the share price. Time to post again. You know you have a friend in me.
"I could identify a series of events( and often did) , from Nervesa discovery changing to missing gas, to a Plug&Play Sidi deal that turned ridiculously opaque and consequently morphed into miraculous multiple TCFs, pure nonsense Algerian analogies, hyperbolic share-price predictions, a Gherkin event that appeared purely to be a vehicle to promote Echo and for Parsons, Fumagalli and White ( the chairman of SOU at the time ffs) to rinse and repeat and exercise the warrant scheme that had proved so successful to CIP. Ultimately it was Parsons selling post TE-8 (and significantly seismic) under the guise of a trading plan that removed the need for him to restrict his trading in closed periods and offered him the opportunity to effectively trade 'inside' that should have been the biggest red flag of all. When he said Marco isn't just an investor, he's a become a friend was the surest sign that the CEO no longer thought himself a servant of the PI, but aligned his goals elsewhere.
I remained invested here purely on a belief in the Tendrara asset. Bit by bit that belief was eroded and I gradually sold. There are those who invested in the management, and I remain friends with some who still have faith - despite many conversations where I expressed reservations. Those of you who have berated, chastised and even threatened those faithful investors should be ashamed - there is no malintent, no conspiracy, no agenda. Just investors who believed the dream. If you are looking for someone to blame - look inward or to the management.
Finally I will say that I think this deal, Parsons, Davies and JJ exiting is a travesty. A cowardly act designed to extricate themselves from the hole they have dug (Maybe not JJ), a hope that they will walk away unscathed, a ruse to deflect the shining glare of the spotlight. Moreover, they leave the fox in charge of the hen house; after all he still needs his pound of flesh in bonds, despite making more than enough over the years through those generous warrants. He gave his friends free rein to sell, it was another flag worth noting, Do not trust him!
I genuinely wish a good outcome for those left in here, and it still may happen. However sometimes I get the feeling that there are".
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