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2.1¢ american patriot oil & gas limited

Ann: Market Update and Production, page-22

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wolfofbridgest

3,229 Posts.

691

11/11/19

14:46

Post #: 41358634
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Originally posted by EnderGame: ↑

The question is whether the current management have acted appropriately in disclosing information, which IMO have not.
Rather they have not given a single update on the company's financial position. Do they even have enough cash to operate? How have they been spending the money?

That is okay not to disclose as long as they haven't taken to line their own pockets, eg transfer funds out off market, increased their own earnings, claimed increased expenses A, B,C,

The other question is whether the class action should be targeting previous directors who were deceitful, profited.

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I believe there is a case re disclosure to be made against the previous directors. And if this thing goes down I will absolutely initiate proceedings against the old directors for breach of CD. Time will tell whether the new directors are behaving any differently.

AOW Price at posting: 2.1¢ Sentiment: None Disclosure: Held
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