I was space industry building the S1B boosters for Chrysler. I worked in the shipbuilding industry, ran my own company. I worked for a major industry in New Orleans, La. My employers allowed me to help in contract negotiations and help in other financial operational decision processes affecting the working public.
The amount of effort required from management to keep information protected was very hard , but necessary. It is so easy to have a piece of information get out without knowing the full detail of what is going on. The contract negotiations affected so many people. In every case, the information found out was interpreted incorrectly. This caused a heavy load on management.
Privacy of negotiating information, protecting legal positions and pending management decisions to conclude contract approval is crucial.
I was not working with oil and gas contracts. I can imagine the amount of extra responsibilities required in negotiations.
It is hard waiting. I know I am having a hard time waiting. However, there is nothing we can do at this point other than agonizing over the issues we think are important. I know how wrong a lot of the public was because I was on the inside looking out and could not say anything.
We will find out soon enough. The issues we are facing now will be forgotten and new issues will occur. This is life in the business world.
HAPPY NEW YEAR Bob KAR MEO VIL
MEO Price at posting:
44.0¢ Sentiment: Hold Disclosure: Held