The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I’m waiting for some of the regulars here to proclaim a “master stroke!” by the Slick Irishman for diluting us at 50% of the pre-results share price.
I repeat:
POQ can’t control geology.
POQ DOES control investor marketing, interviews in financial media, participation in conferences, general public relations. In this regard, our CEO failed us.
30-day and 60-day flow rates, labeled “stellar” by the slick Irishman, fail to move the stock up. Why would 90-day rates be different?
Born2Boogy is TheKnight from a prior board. A Falcon perma-bull who has lost his shirt, like all of us.
Is POQ accountable for Beetaloo’s geology? NO
Is POQ accountable for the fact that Falcon whimpered after stellar results? YES!!!! This is reality, no matter what any perma-bull tells you!!
Mr. Slick Irishman receives $600k annual compensation… for this?!? “Master stroke” indeed!!!
Newt isn’t stupid. BUT… it’s comical to suggest that the Board of a publicly traded stock would “not entertain” an offer for 3x current market price. Stay objective Mr Newt!!! You were young man when you invested in Falcon. No longer.
And don’t forget, he earned approx $7.2 million during his highly effective FOG leadership. And he basically never purchases Falcon in the open market.
I marvel at the posters who refer to “master strokes” by the slick Irishman. Master strokes?!?!
POQ has made an estimated $7,200,000 during his great leadership of FOG (12 years X $600k annually). Meanwhile, he spent virtually ZERO buying shares in the open market. Good gig!
How much money have you made in Falcon?
Fwiw, there’s a 1M share bid creeping up in the L2 quite box. If history is any guide, there is NOT a slick Irishman behind this big order. ;)
And also, the bookie never bets on the horse himself. Never buys in the open market. Classic example of CEO enriching himself over time, while shareholders languish.
…and the bookie is a slick Irishman who has incentive to drag it out, to perpetuate his $600,000 of risk-free annual compensation.
You’ve been waiting for what for 10 years? For the stock to drop 30%? Congratulations!!!
Remember: Philip has a risk-free $600,000 annuity. He has no incentive to sell to a major. He has incentive to dilute us, to keep the gig for a few more years.
Also, POQ NEVER buys in the open market. Think about that.
Great for institutions.
Great for Philip’s wallet
A total fleecing for existing small shareholders.
I can only speculate as to why it’s down: POQ, seeking to extend his $600k risk-free annual annuity (his salary), is speaking to institutions to invest in FOG. The institutions have zero incentive to purchase shares in the open market today, since they’ll soon be able to subscribe to an offering at a deep discount to today’s price. In fact, they have incentive to SELL or SHORT into the open market and cover their shares with the offering.
Good for the institutions; bad for mere mortals on chat boards. Right?
So you’re saying your adage remains in place for another year?!? Lol.
I’d like to see TBN buy Falcon! I wonder if TBN is lining up financing to do this, which explains the fact that TBN trades lower? Who the heck knows.
O’Quigley makes $600k per annum??! I wonder: in an average week, how many hours does he work on Falcon-related business? It’s possible that in 2023, Newtofo spent more hours on Falcon than O’Quigley did.
$600k!!!! WOW!
Two questions:
1. If it’s been flaring since Dec 19, when should we expect an announcement of flow rates?
2. What is O’Quigley’s total compensation? It’s public info.
The good news:
1) Placement above market price. You don't see that every day!
2) Sheff clearly doesn't consider the Russian sanction situation to be a risk
Thanks sir. Ignore Amungee for a moment. For fraccing/flowing in general (perhaps using US shale as an example), is there any precedent/example of a well scaling up flows after 40, 50, 60 days? Like, why is 30 the magic number?
Question to the geologists here:
This week's flow results are based on 30-days of flow. Is TBN still measuring the flows in real-time? Is it possible that after the 30-days ended Jan 31, the well gradually begins to produce at better levels? Therefore, is it plausible TBN could provide a new (stronger) flow result in 10-days?