BRK 7.69% 1.2¢ brookside energy limited

I was reading up on Red Fork Energy and the reason it went under...

  1. 59 Posts.
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    I was reading up on Red Fork Energy and the reason it went under . It looks like it had to much debt and Management did not understand the business .
    For BRK to work for the Shareholders we need new Management . DP has been around for 20 years with RFK and BRK and the Shareholders have received nothing but Capital Raisings and HOPE .
    With $25 to $30 million in the bank from Capital Raisings and new Shares Options the Shareholders should benefit from Profit made by the Company not Management and Associates .
    A small Buy Back of $1 million a month would not be a problem with profit from the wells, and could help the declining Share Price.
    I still do not understand how $20 to 30 million can only receive $8,ooo interest in the last 3 months, with a little work by Management (not their mates) they could get at least $200,000 in the next 3 months , this could pay for some of the Management fees .
 
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