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Message: Re: Diversionary Analysis
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Aug 07, 2008 02:23PM
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Aug 07, 2008 08:09PM

Re: Diversionary Analysis

posted on Aug 08, 2008 07:08AM

Demerara, you seem to miss the point about Bill. As President, CEO, and Chairman of the Board, he was in a position to make decision and take actions. It's called his job. I don't see Nobel Prizes going out for people doing what they're paid to do. Those are for "above and beyond" actions. I have yet to see enough facts to show he rose to his position.

I've read many postings by the "Friends of Bill" club, and they write heart wrenching stories about the adversity Bill overcame to bring MEO up to greatness, if that's what you call 6 cents. What is missing are facts about what he actually did.

We know that

  • He took a debt note that was convertable at MEO's option, and turned it into equity- that was 2/3rds of the total debt. Not so hard.
  • He did nothing on the technical side, that was Dwayne.
  • At the AGM he provided no information to promote the company like every other CEO did at other AGM's I've been to. In fact, he taunted shareholders, 3 times, by stating that they should be grateful to have had the chance to sell their shares at 26 cents.
  • He gave away 40% of MEO's Tenn properties for chump change to Nexgen.
  • He failed to test and bring on the JB#2, if nothing other than the Rome gas and possibly the Knox for oil, or even the Copper Ridge for really big oil production.
  • Nothing about the JB#1 which did test at 800 bbls/day, was worked over, and had impresive enough test results for them to spend 5 months negotiating for the land the JB #2 is now on.

I guess I fault Bill, a little.

And, that's my opinion.

Have a nice day.

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