Re: Core business....what core business...duh....
posted on
Oct 30, 2009 12:03PM
Yeah Meow,
1. Incompetent in deploying the +/- $20M entrusted to them to explore Morgan High Point. Escaped prosecution that time but Hell ain't full yet.
2. Incompetent in evaluating suitable partners (AUL=1cent, Black Rock effectively insolvent, Park Place bankrupt, Pennine can't get it up so let's raise money to sue them). Have you ever wondered why MEO can't find a legitimate, solvent, competent partner ? They bring nothing to the table but smoke and mirrors. Reminds me of your suggestions, Meow. The more of your posts I read, the more I'd say this company is right up your alley.
3. "Some powder watered by management.." Right. That's why they were reported to exchange regulators. They escaped incarceration that time but I look forward to justice being served in due course.
4. Share price = about 1 cent. Three years of dismal incompetence, including infrequent and deliberately misleading communication from management. Lately an insulting, furry, vapid, impractical apologist appears who defends like a member of the MEO family, eh Cork ?