Let me be practical Regarding Providence High Salaries which is destructive in current environment. Very Bad management, they talk big. What they spoke haven't kept this got reflected in stock price. Debt should be focused at. Need to Improve transperancy in operations. If there is no fire there won't be any smoke, why did few companies were near to sign off the deal. Management is not fast enough they drag negotiations with high expectations resulted time to tide against our great leader, he been beaten to bone and got caught in the storm. Regarding Jimmy Doesn't hold any stock. Why is he keen on Providence so much. His views are repetative, and been countered many times. Management can't buy when discussions happening, let him provide evidence that directors can buy when negotiations are underway. Company has debt, earlier when Market capitalisation high this was meagre but the company got caught in the oil price storm and unlept work resulted price decimation. Cleverly providing acceptable views, so that negativity persists. People been crushed with such low price and he is still commenting there is no value left. Is he advising to throw the shares at this decimated price. Who will be the beneficieries. Why did big boys bet on Atlantic margin, won't providence also has stake there. Being said all this, I used highly acknoledge Jimmy earlier but seeing receintly sinister motives as well. However, shouldn't let company to go-away as they did this mess and shouldn't allow someone to encash at the same time. It's time to push company for answers i.e. salaries to start with Immediately.
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