Re: Only choice ?
in response to
by
posted on
Sep 22, 2010 03:22AM
Engineering, procurement, construction & management of crude oil refineries.
Gabbu- IMO a person`s life philosophy can be applied to investing (ie, staying positive) but for me this is a lot easier if I see signs of progress. I am of the opinion that if we don’t stay factual with WWF other investors will be lured in to this POS. Maybe that is why WWF exists. To learn from this cumbersome experience and make others aware to ask themselves tough question such as`is it too good to be true what the company claims` before they commit lifesavings to the company.
I must give credit to the office’s creativity and find benefits in listing with the CNSX.: `The CNSX is an equal to or better trading platform than the TSX`..yeah right. There are no dates associated with the commence of trading. The last real, better official date we had was November 2009. The date was even featured in `Hotwire` magazine. Yes we do have many, many, (once more `many`)promises over the past years by the office and WWF`smessengers that trading is imminent … nothing materialized in the last 2 years worth of promises.
No credit is earned by the office in making an adequate effort to reach ALL shareholders with their update. Posting only on a shareholder`s website may be good for some but not for the majority of shareholders.
Appears we have no progress in Lybia as well. We keep hearing the same in every Lybia update. Every update talks about the supply of crude oil (even lists the different types of crude oil) and in 2008 we were able to post the WWF logo on the property but,that is to my knowldege all the progress we made in 2 if not 3 years . I don’t think that is much progress at all in such a long time. Swift progress was promised when MF returned from London by WWF messengers.In another update (see 2008 review) is was written ` Winfield will react to an invitation from the Arab Gulf Oil Corporation to audit several shut-in Oil ….`where is WWFs official reaction to the invitation ? Maybe I expect too much from my investments? Don’t think so. Not when you see the lofty word used in 2007 or 2008 when we receive updates or the all to famous line `Business is positive and ongoing`
No progress in financing. A lot of promises with respect to financing (see ie 2008 review) `Winfield will refinance in Janauary 2009 to complete the KBC feasibility report` yet we are in Sept, 2010 and no progress. We are informed from shareholders (Jan , 09)that received personal emails from the office `Winfield most immediate growth will through will continue through either, confirmed project finance . or through the acquisition of oil assets of determinate value .
In the April 2010 update it was said `…early March 2010 Bouvier DeFont plc met with KBC technologies to review KBCs 2008 feasibility estimate for construction of the Ras Lanuf refinery. ..well the Sept update shed more confusion that clarification on what happened in March?
No progress with the High Level Alberta Ethanol, Northern British Columbia Etahanol facility ….
I think you get the picture. Please make an attempt to weed through the different updates, bullboards and you will (maybe) see making sense where progress or truth lies is impossible. Throw in the different conflicting emails send by the office to shareholders and you tell me if you still think that the only choice is `strong and big thinking`
What other choices do we have? I Don’t know. Maybe as most did write the investment off, or stay positive, a proxy fight, keep calling the office