Ann: Multi Billion Barrel Potential Identified in Cuban Acreage-MEO.AX, page-59

Yes definitely I am a new holder since company announcement regarding Block 9.
I also confess that my current holdings average is about 2.9cents as I am a trader/investor with a fair bit experience.

Without my actual checking, but I have seen HC post that it had $100m in the bank before, and now it has about $4.1m from last presentation, from my memory. If this is true, all management must be stepping down for company bad result, imo. In this regards, it seems Australian shareholders are very gentle and too friendly or negligent. But $100m figures are not confirmed one.

I also realized that many HC holders automatically thinking about future potential CR. How this thing could happen!
My conclusion is that the company management so far has made accustomed retail shareholders acting automatically as a 'conditional response'. Imo, company management must realize that not creating profit is act of crime in the perspective of existence of business entity. But very sadly, this is not only MEO but almost all listed tiny mining/exploration companies.
The biggest tragedy is that many those management could not realize that losing money is a crime not from the legal perspective but origin purpose existence of business entity.

Regards,