I initially didn't really think that my suspicions were correct but it's looking more and more like they are.
Basically, what is happening is that Locke is taking over the company. He has put in place a CEO who is loyal to him (never mind competence for the role). He is sacking all directors who might not agree with his plans.
Next, he will most likely milk the company for all it's worth, probably with exhorbitant salaries, fees to 'related companies' etc. He will get as much as he can out of it (prepare for a major pump & dump).
Then he will leave and CFU will be a broken husk.
If I'm right, we can forget about long term success, etc, because that's not what a guy like this is interested in.
I'm getting out once the SP starts to 'pump' because once the fall comes, it will be fatal.
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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