west oil, page-13

re: west oil who are the party pooper? Had west oil @7c in late 99 to early 2000 and sold out @ 11c. Price then rose to mid 20's by memory and has been going down ever since. Based on old financial records and the shareholder reports I,ve kept, my current view on this stock is that it has never made a profit and probably never will. They are continually raising money and then issuing more options to management in place of fees. Payment of options should be based on results and as such, all should have expired worthless or better still should be cancelled. They are continually raising a million here and there every time they need a pay packet increase. This is now becoming absurd.
For anyone's interest just look at the other companies Mr Morgan and associates are tied up with and you may find one if any at all that are making a profit.

Dave.