FEX 4.69% 30.5¢ fenix resources ltd

Ann: Half Yearly Report and Accounts, page-149

  1. 1,084 Posts.
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    People don’t utilise these types of online forums solely to “achieve” something.

    It’s a discussion forum.

    And that’s what I’m doing. I’m voicing my absolute dissatisfaction of what your buddy, John Wellborn, is & has been doing as Chmn.

    We both know he very much is reading this. You’ve actually admitted to that previously.

    And of course YOU, being his fanboy, are going to say he’s doing a ‘superb’ job and that’s what I find chuckle-worthy!

    Have I reached out to him personally? No. I have no reason to given he’s not going to be able to update me on anything that isn’t already in the public domain, which is predominantly the issue - that he’s been utterly useless in actually putting anything out there with regards to resource expansion or cost-savings specifics or acquisition endeavours or potential exploration elsewhere or…should I continue?

    You keep giving me the excuse to repeat myself but all he’s done to date, IMO, is spend a lot of our money on some trucks his apparent mate owns, which remains unproven to be financially responsible and personally borrow more of our money to obtain a heap of shares in this company for which he’ll then pay himself dividends on to a very substantial amount.

    All of the above demonstrates, IMO, he’s been an unequivocal abject failure for investors ROI.

    And so we continue to blindly wait to see if he’ll actually be capable of changing all that.
 
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