Victoria Oil & Gas Forum

Ploughing through VOG Preliminary gobbledegook....... Cash $6.0 m .... Market unimpressed. The market is expert at doing its sums. They know how much cash is income, and how much is expenditure. Any primary school child could do the Maths which is a simple "take away" sum. This is what roils the Market. Chairman Foo is still lost deep in the woods. Unless he bends to investors concerns, he will be lost in space.

Duffer is one of the enlightened few, with his head firmly screwed on and has the gift of insight. Investors would be foolish to ignore his words of wisdom. I sold my entire holding in VOG over 2 weeks and followed in the footsteps of that wily old sage, George Soros. Here we have Mr Gekko personified. He recently bought a 1.7% stake in Barrick Gold, the world's largest gold miner, anticipating market turmoil. I decided I couldn't sit around whilst chairman Foo squeezes the life out of VOG, to his own advantage. If you choose to stay, you may have to fasten your seatbelt extra tight. In any case, good luck to you all!

Foo and his board of cronies are more committed to their bank balances, than the shareholder value. People are reluctant to buy with these greedy snouts in the trough.

The BOD are doing a great job. They deserve every penny they can get their hands on.

When are the remuneration committee due to award the next mega pay rises for Foo and the directors? It would be unusual for them to consider the shareholders interests.

Can anyone explain why VOG which is making money hand over fist selling gas, has a share price curve trending downwards? Where has all the money gone, long time passing?...When will they (investors) ever learn?.....Gone to Foo ('s spending projects), every dime!..

Chairman Foo's tenure at VOG has had its day. Chairman Foo has had his chance to take VOG to the stars and back. But each time he has decided to go on a spending spree. He is not in tune with the needs of investors, and if we let him have his way, he will bankrupt VOG. If VOG is to have a future, this man must go. And so must members of the Board who dance his tune. We need an extraordinary meeting where shareholders can cast their vote of confidence or otherwise. A personally less painful option would be a hostile takeover, where the whole infrastructure is given a good spring clean and the present hierarchy is excised. Investors need to listen to the market -- not the ifs, buts and maybes of a reckless soothsayer.

I get the feeling that events are finally catching up with FOO, there is a whole raft of investors unhappy with not just the share price but also the way he is handling the operations of VOG. I for one would vote on his inability to lead a company. Something is not right if he is not making a profit at this stage.

Foo and the directors are bleeding the life blood from VOG, investors are sheep to be sheared, and and used to repay the massive loans which keeps Foo and the directors in clover.

Apparently scholarly articles on VOG do not stand up to scrutiny by the market. Someone has got it wrong. And it is rarely the market. Even a Primary School child will tell you if you keep spending the piggy bank will soon be empty. Yet the hierarchy at VOG seem to think otherwise. Should shareholders allow them to risk our money? Should shareholders allow this crew to define strategic policy at AGMs? Why is the SP of VOG plagued with rigor mortice? Investors need to think for themselves and not succumb to ruses based on technical jargon and wild extrapolations. If VOG or Chairman Foo had to go, I know, to be sure, which to keep.