Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
WELL SAID.
ONE OF THE WORST CASES OF SHAREHOLDER ABUSE IN MY 50 YEAR CAREER, AS A RESULT OF SOME BAD LUCK AND LOTS OF INCOMPETENCE BY MAINLY THE BOARD, THEY SEEM NOT TO KNOW WHAT TO DO. THANKFULLY ORIGIN DOES AND WE SIMPLY HAVE TO WAIT. SAD BUT TRUE. IN ANY EVENT I AVE BOUGHT ANOTHER 300,000 SHARES OVER THE LAST FEW DAYS, SIMPLY BECAUSE THE GEOLOGY SEEMS DECENT, WHILE AGAIN THE MANAGEMENT STINKS. POODS
POODS
tnbird-
Your manipulation comment is 100% incorrect from where I sit. The fact is there has been a large seller and there are no institutional primarily because of the illiquidity they require. Once the seller(s) are done, trading should be noticeable different, particularly with any good news. This is 50 years of experience on Wall Street's opinion. POODS
Fair questions and will tell you simply CPA firm deal on with this issue by having different people do their separate responsibilities in a professional manner to avoid any conflicts. I have served on an audit committee and am comfortable with my position. POODS
LONGWAIT-
It is easy to be discouraged. But the reality is this despite missteps and unfortunate events, the indications are hopeful, the seller is not done, and there are no institutional buyers I am aware of despite what some think is the case. In the interim, my position has grown and will continue to grow as I feel like adding. I will either make some money or lose it all, like most of us. POODS
ITguy / newtofo-
In response to "ITguy's" comments, let me first clarify my "Anne" comment: the intent of my observation regarding financials is they are prepared quarterly for regulatory purposes, and as such a skilled receptionist (with accounting experience would be able to do most of the week-to-week journal entries. If the board determined to have the accounting firm issue checks, perhaps electronically through FOG's bank account, then at quarter's end FOG's account would be reviewed by their accounting firm , who also would have access to monitor the account at all times. Understand that, yes, FOG is a public company and subject to tight rules, but it also is in fact a tiny entity, smaller than a fair number of households that either a wife or the husband can manage. Also, the board should have a member who oversee all financial activity so they can say they are on the board of directors for a reason.
As to the question of why I would be adding to my position let me say the following: as events have unfolded it appears some of us may not be alive at the conclusion of this saga! As such in reality my purchases are for my son and his family. Any money invested by each FOG shareholders should be an amount one can afford to lose entirely. But, it is always important to consider any additional commitment in FOG as another chapter in "The Never Ending Story". POODS
POQ should continue sitting in the office and talk to those who want / can talk to him, if they want. It seems a waste to fly there until the government is pro drilling. Did pick up over 200,000 the last couple days. POODS
This interpretation by Tracey Boyes is first rate and for those worried David ? (forgot his last name) is a missing link in Origins' abilities to discern what next, please sit back and wait as many of us for many years. The seller is still there but playing the market a little. POODS
I tried to buy 500k shares the other day at 6.50p and was quite surprised I ended up with just 100 shares!
The discussions this morning are mostly rehashed to me but certainly offer POQ an opportunity to comment. Unfortunately, Origin does not want to say more than they need to which I understand and POQ can't help with their approval and feeding him the words. Geology is not what he was trained to be. So, the selling continues and I will try to add here but surprised the seller did not hit by bid. Good luck to us long termers! POODS
Greenlanteren64-
Fair question you ask, but think POQ after continually destroying value with mostly worthless noise, finally realized what I told him years ago, i.e. "Shut the FU?", was excellent advise. So, like it or not, he has essentially gone silent but not away. At least he got part of it right. I am still looking to add and think getting near that point. I wish one of you were able to learn how much stock is still be sale and put together a final trade to clean the seller up. Those of you closer to the trading than
me might see what you can find on that topic. In the meantime, today I turn 75, my wife is gone and being on this board this morning shows you how low things can be. POODS
Greenlanteren64-
The simple answer is 7p. so not much. Think about a reasonable upside if POQ quits along with the board and Origin oversees the situation with an overseer and shareholder representatives. My granddaughter who is about to turn 5 years old can handle the books, as she knows her numbers and alphabet and receives no allowance yet. POODS
All-
In my many years in the investment business, today's announcement about spending $13,000 or so to plug and abandon is a good follow up to my last epistle. There must be considerable shareholder pressure on POQ to issue this P & A announcement. $13,000!!!!!!!!! ; give me break. I hope someday a business school writes this up as a case study. Even if we are so fortunate to eventually make something, the number of financial insults this board has imposed on its shareholders is a new low, but then again we can perhaps thank Mr. Bruner for setting the example? POODS
All-
Thought a little humour was in order this morning as POQ and gang continue to pour salt into our collective wounds. "On a stack of bibles, I do swear I was not awarded any FOG options and suspect none of my deserving chat friends were either." If I am incorrect and one of you fortunate "Devils" got options, please raise your hand to be congratulated and share your tale of triumph to the lower class shareholders. POODS
tnbird-
I wanted to thank you for the little NPV valuation for fellow shareholders. In my opinion a fair discount from your $0.42 cents would be a trading price of half that in today's market. The difference between ~ $0.20 and today's price might be the uncertainty of what or what we could call the "POQ factor". POODS
Darnitagain
You are the master of the understatement and I quote you "The only requirement to be a member of FOG's BOD is that you have to have lost your capacity for being embarrassed when others critique your performance". POODS
Camelot1-
In the U.S. if POQ "had a deal in the bag" as you say and did not disclose it to shareholders on a timely basis, i.e.very soon, he would be subject to severe legal question. Perhaps, the rest of the world security regulators are not so tough. That said, the fact POQ has exercised his option, as you point out, after all this time is either a "tip to the wise" or something else. Let's hope for a change, he gets it right this time. POODS