an interesting post from RRR board4 Aug 2022 22:24
It’s actually hilarious the sleaze that Helpful is involved in. The same old names crop up in the companies that he defends. RRR, NTOG, GENF, AST… they all have **** poor management with woeful share price performance.
Elephant Oil is of course captained by Matt Logran who has decimated NTOG over the years. If anyone wonders whether it could be a lifestyle company:
“his salary will increase to $360,000 on the first date the Company’s Common Stock is publicly traded. He is eligible for an annual bonus, beginning in 2021, targeted at 50% of base salary, as determined by the Board based on his performance and the achievement by the Company of financial, operating and other objectives set by the Board.”
Utter greed. Who the hell signs off on giving potentially half a million dollars away to the CEO who has achieved next to nothing so far. All that Elephant Oil has is exploration licences, some airborne surveys and historical 2D seismic! Well it was Ron Bauer who signed it off - the same Ron Bauer who has been charged for running pump and dump schemes.
Just so happens that Helpful is also a 5.62% owner of Elephant Oil.
Another company that Helpful is required to defend is GENF - who Ron Bauer arranged the IPO in.
A dangerous character who really should know better than posting some of the comments he does as an insider. I randomly hit the Helpful archives and found these pearls instantly:
“Steelmin is going to a great little asset” and “Now that WTI is at $64 I expect Elephant Oil to get dusted off” -
18 Jan 2018