what is going on this morning?, page-3

I suspect the news is not good,why else would they hold back an update.Canvassing shareholders in regards to the SPP.Yes I also received a call asking whether or not I was going to be participating.I said no, I'll buy more when they fall to .01 cent .I think they are afraid it will be undersubscribed,and that the SP will fall below the SPP on the back of bad news.It's not the first fizzer they've had.They've bungled just about every well.It looks as though they have also done their dough on the 2 well contract drilling. The so called substantial earnings don't look so good accordining to the AR. Looks to me like they lost money on that.As for flogging off the PRU shares,what can I say!
The management have screwed all of us long termers over with the ssp.In the mean time the directors have lined their own pockets to the tune of around $2 Million over the last three years.God only knows what they have done to earn this,I know, NOTHING. IMO,GP's ability as a petroleum geo is sketchy,RG has his fingers in so many pies, after he pulled them out he wouldn't know which one he had in CIG's.How can a person put all reasonable effort into 0ne thing when he has so much else going on.As for the other freeloaders ????.I would have serious reservations in letting this mob manage my laundry.
In saying this,I am also prepared to eat humble pie,But produce the goods first.
This is IMO only which I am entitled to.
Cheers
cairnid.
"Carn the KANGAS in 2010"