Ann: Multi Billion Barrel Potential Identified in Cuban Acreage-MEO.AX, page-56

mjshackl,

Not quite sure what you are talking about.
Any shareholder of any company has right to express his/her concerns or suggestions or any critics towards company management and company itself. Whatever or wherever or whenever  it engages.

Any company(business)'s basic aim  is to create profit for itself and for shareholders (for a listed company).
Any basic fundamental  reason for existence of any business entities is to create profit.
Without creating profit, it is absolutely impossible to exist.

I may be wrong, but it seems as far as MEO concerned, it seemingly sustained its life not by created cash from its operation or any business activities but by stealing money from so called innocent (retail) investors. As mentioned before, MEO has been carried out criminal activities to sustain itself by sucking money from (retail) investors hard earned money and possibly government tax concession or so.

The following chart from ASX shows it very clearly that how hardly and absolutely the company destroyed shareholders wealth step by step and years by years. Around 2010 its SP was around 75cents and now around 3cents. What it means if any shareholders hold MEO since 2010 lost their holding values as much as about 96%.
http://www.asx.com.au/prices/charti...or=SMA&volumeMovingAverage=20&timeframe=daily

As long as you are not a masochist, you will not be happy. No one wants to see own money disappearing into the air silently.
It seems you have a certain connection to the company, but my previous post was derived from my  running  businesses and more than 20 years of stock trading experiences as well. In addition, in light of my matured age, it came from likely my insightful wisdom from accumulated experience in this phenomenal world.

Definitely I do not have any personal feeling towards its management but as long as being  company shareholders, I have not to be robbed my money from company's criminal activity indeed and further more I want to grow my invested interest money.

My conclusion is that, the company must focus on most prior project Cuban Block 9 among 5 with intensive all available company resources such as funds, human resources and most precious given limited 'time' resource. If professional's view, any other project is more certain in priority, just focus on that project. Just simple as that. Must win any first game first and then with abundant spare money, it can reopen any probable project later on.


Samuel Gompers,
"The worst crime against working people is a company which fails to operate at a profit."


Regards,