Member Info for Poods

Longknife-

Added another 250,000 today as the shares were available and nothing has changed except the day on the calendar or another day's pay at FOG HQ's. POODS

Sneakysnake etal-

The seller seems to be under a perhaps self-imposed deadline which is good. The sooner those shares are sold, the sooner the price should adjust to whatever is the right level. Personally I believe it will go back to a range of 15-20p, and move up or down based on drilling results. Again, we either have inept management and / or seller. If one side or the other had called the other and say we would like to sell or buy the remaining, then the broker could determine at what price the block would trade. In all my many years I have never seen should ineptness. Pain will continue until someone at the controls uses their brain. Don't hold your breath. I will be adding again as at various times. POODS

Longknife-

You ask a fair question. I do not know if you have ever been in the drilling, if so, you would understand the value of knowing everything you can before selecting a new location to drill. You can waste a lot of money, which FOG does not have, if you drill willy nilly. Each new well provides new information. After a couple well spaced and successful wells, one can pick up the drilling pace. We are not there yet. POODS

Beetaloo:
Re FOG 2021 : You may have hit the nail on the head, as I have many times thought and on occasion stated my feeling POQ had "his ear to the ground" somehow on this chatboard. In any event, whomever made the statement is very one-sided and ignores the abundance of stupidity we are shareholders have had to suffer through. POODS

Great post; someone else who actually understands our abysmal state of affairs.

We definitely are in the "FOG".

POODS

Greenlanteren64-
Totally understand and again say the boredom is an opportunity for those with both the means and patience to build positions based on the geological input. … POODS

Greenlanteren64-

I do not believe you are correct for 2 reasons: first, Origin is calling the shots, not POQ ; and secondly, I think Ann is more valuable than POQ at this point; although, we could just about survive without either and contract a CPA. Then if, drilling is successful, the board could hopefully determine what's best. Origin would love to advice at that point, but would be too conflicted then, if we have drilling success.
"I am convinced at this point that this stock is guided by POQs desire to pull a paycheck for as long as humanly possible! I would love him to prove me wrong".

The truth hurts. POODS

LONGWAIT,
The chart you reference unfortunately did look like FOG for 10 years because of circumstances similar to what we have experienced. It was a different industry and the CEO, while knowledgeable at hunting and fishing with customer, knew next to nothing about running a business. His board simply bought in on the "what if" and collected there small fees. I stood up at an annual meeting after being a shareholder for many years and said there are enough votes "in my opinion" to change things at next year's meeting. The board meeting concluded several hours later and I was asked to joint the board. The company was sold for over $billion a couple years later. FOG is only slightly different if the reserves prove out. But the management will be an issue in the interim as POQ entertains with shareholder funds, playing golf with some and entertaining others perhaps at the pub. Just my observation. POODS

Oilcountry99-
I appreciate your thoughtful comment and think it on target. I generally would not have bought something like this. However, one of the investments I made many, many years ago made me a 100 times my money and took 13 years. A lot of blood, sweat and tears went into that situation. The company was one with reasonable good technology but a leader in many ways like POQ. Probably should correct myself and say not leader, but the person in charge. In any event with that success I more or less retired and moved to the mountains with my wife who many of know recently passed away.

I have mentioned in the past my son recommended I look at FOG because he was introduced to Bruner at some point and after doing a little check felt I should look into it. Without rehashing what many are tired of hearing included POQ, let me simply say I am not stupid, but could still be wrong on this investment. That is the nature of the oil and gas business. But, I feel the resource is down there and the challenge is to get it out in commercial quantities. Hopefully, now 10 plus years into this and running out of years, I can see this to fruition, but if not my son will see what comes of this adventure. Yes, I have patience; still believe it a virtue and thank you again for the nice comment. Hang in there. POODS

Just topped off at 4 million shares and don't think POQ was trying to compete with me, but someone is also adding alongside. I know the story is boring to all except the board who soak up any excess cash . POODS

plumber67-

POQ and the board probably have at least one thing to agree with me on; don't overspend one's own money. There is different between your wife kicking you in the seat and "just noisy know nothing shareholders chatting of management excesses". To the board, company / shareholders' funds are up for grabs! POODS

plumber67-

No matter how good the story, never buy more than you can afford to lose. POODS

plumber67

More sellers than buyers….no institutional interest mainly due to very small size but also management issue. Still I am nearly at 4 million shares for reasons mentioned all along the decline. Has to be the winner for many as the "sickest story". You could not write the script for this horror show. Patience is a virtue……..might have to think about that when I die. Thanks POQ

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

newtofo,
I think the odds are good and everyone is sick and tired of the whole thing. That make a contrarian like me add to my position

POODS