This has just been posted on one of our discussion boards, and purports to be a response to a private investor's e-mail to Mark Wall - no reason to believe it's not genuine but no guarrantee it is:
(The investors words are in 'lower-case')
====
DW response to my email
Today 00:29
YES I WILL BE DOING MORE PODCASTS AND CONTINUE TO BE OPEN AND HONEST IN MY COMMUNICATIONS. I HAVE GARNERED SIGNIFICANT RESPECT FROM PEOPLE THAT VALUE THOSE QUALITIES. THIS IS WHAT I WOULD REFER TO AS THE LONG GAME. I WOULD BE DISAPPOINTED IN ANYONE THAT SOLD STOCK BECAUSE THE MD WAS OPEN AND HONEST IN HIS COMMUNICATIONS. I HAVE BEEN ABLE TO ACCOMPLISH A FAIR BIT IN THE LAST YEAR - SECURED AN OUTSTANDING ASSET IN VERY TRYING CIRCUMSTANCES INTO A COMPANY ON THE BRINK OF ADMINISTRATION DUE TO PREVIOUS MANAGEMENT, RAISED CAPITAL WHERE OTHERS COULD IN WORST OIL MARKET IN OVER 20 YEARS, PERMITTED AND DRILLED A WELL IN A HOSTILE ENVIRONMENT IN RECORD TIME AND ON BUDGET, AND NOW WE MAY HAVE MADE ONE OF THE BIGGEST DISCOVERIES IN RECENT TIMES (STILL HAVE TO GET A FLOW RATE AND TICK A FEW MORE BOXES!). I CREDIT THIS LIST OF ACCOMPLISHMENTS TO MY STYLE - OPEN AND HONEST - PEOPLE KNOW EXACTLY WHAT THEY GET WITH ME - ITS NOT ALWAYS PLEASANT AND I AM NO WALL FLOWER THOUGH. THIS IS NOT SOMETHING THAT CAN BE TURNED ON AND OFF EITHER.I really believe 88e are on the edge of something special but as a long term investor on the aim market i do understand that news must be presented correctly. AGREE!
To avoid further situations like today i would suggest not doing any more interviews and just release news via official channels. UNDERSTAND YOUR POINT HERE BUT THE PODCASTS DO HELP WITH COMMUNICATION TO THE LESS SOPHISTICATED INVESTORS SUCH THAT THEY ALSO GET A FAIR GO AND CAN MAKE INFORMED DECISIONS.
I really do not want you to think that i am just having a moan, but to put it into perspective i have lost over half a million pounds today because of this. MY NET WORTH WENT DOWN SIGNIFICANTLY MORE THAN THIS - THAT IS NOT TO DOWNPLAY YOUR PAPER LOSS BUT I AM ALSO GUESSING THAT YOU ARE AHEAD OF WHERE YOU WERE 10 DAYS AGO... DON’T FORGET THAT MARKET MAKERS AND SHORT TERM DAY TRADERS FORM A SIGNIFICANT PART OF THE VOLUME OF THE TRADING. THIS LEADS TO VOLATILITY - FOR NOW WE JUST HAVE TO WEAR THAT BUT THE PLAN IS TO TRANSITION AND ALIGN THE REGISTER WITH THE COMPANYS STRATEGY. YOU CANNOT DO THIS IF YOU DO NOT COMMUNICATE IT AND IT TAKES TIMES AND CAN RESULT IN PAIN LIKE WE SAW LAST NIGHT. MY CHALLENGE IS TO FILL THAT GAP WITH A DIFFERENT TYPE OF INVESTOR - THERE IS A PLAN UNDERWAY ON THAT (AND NOT ITS NOT A PLACEMENT). WE HAVE MONTHS BEFORE WE NEED TO COME BACK TO THE MARKET AND HOPEFULLY A LOT OF GOOD NEWS IN BETWEEN.
Like i said though i think you are doing a great job at the company and i know this will come good,Just may take a bit longer now. I AGREE, THIS WILL MOST LIKELY COME GOOD - JUST HAS TO BE DONE THE RIGHT WAY.. Guys that is a very bullish response
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Mkt cap ! $57.86M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $55.76K | 27.88M |
Buyers (Bids)
No. | Vol. | Price($) |
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340 | 940634314 | 0.1¢ |
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Price($) | Vol. | No. |
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0.2¢ | 6254489 | 4 |
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No. | Vol. | Price($) |
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339 | 920634314 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.002 | 6254489 | 4 |
0.003 | 519818319 | 205 |
0.004 | 171958506 | 90 |
0.005 | 54612754 | 43 |
0.006 | 44165800 | 30 |
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