Badabing –FACTS about Bill Cawker
in response to
by
posted on
Jul 06, 2008 05:05PM
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Bing, let’s stick to the Facts, and that should start with refuting the mythology you weave about Bill.
Bill’s Biography on MEO’s website states that he was a consultant to MEO, prior to working for the company. We don’t know exactly what period this covered, and the actual work done is vague.
In 2005, MEO signed a letter of intent (NR Sept 16/05) with Dwayne Tyrkalo, to buy his company Moonshine Resources, which cost MEO over 6.5 million shares for 17 BOE/day, and granted him another 1.5 million options. Bill’s wife, Yvonne came with the deal, and she took a position on MEO’s Audit Committee (NR July 3/06)
(NR Oct 14/05 and MD&A period ending June 30, 2006) Bill starts as “Vice President Corporate Affairs. Mr. Cawker’s primary focus is to assist in locating, financing and developing new and existing properties and drill prospects in both Alberta and Tennessee.”
(NR Dec 29/05) Moonshine acquisition closes.
(NR Apr 11/06) Dwayne is appointed President, CEO, and Chairman, after Pat Powers resigns.
(NR July 3, 2006) Bill Cawker becomes CEO and Chairman, while Dwayne continues as COO and President.
If we look at 2004, 2005, and 2006, the expenses and financial losses were fairly stable and predictable. They sold more shares, and raised money to pay the bills. The only blip in the expenses was in June 2006, for the workover of JB#1, and that was planned while Bill was a VP. There was no big financial mess for Bill to cleanup.
(Dadabing Earlier Today) – Bill “he parachuted in after a lot of these agreements must have been in place.” Give Me A Break ! Bill was there as a consultant and MEO Vice President, actively engaged in these deals and dealings, or he wasn’t doing his job then, either.
Several people I know have had Bill whine on the phone with them about how much of a mess he had to clean up that “his predecessors” left him. What a fabrication !!
Anything done prior to his time as CEO, became his responsibility, which anyone else would have stepped up to the plate and handled, or resigned the position.
Bill did not have a huge burden dumped in his lap, so stop giving us the same old song, over, and over, and over.