I still think one of PVRs most valuable assets is their losses - any one of these companies making a decent discovery would get Barryroe for free by buying the company for the tax credits it holds.
Can't believe someone beat TOR for worst CEO of the year!
I think the stars might be aligning here
I presume they were bought and sold by the same person to realise a loss
Agreed Sully - a new and unacceptable low!
Yes they did accrue but they never clearly informed shareholders of the potential risk to the cashflow or of the case
My two cents worth, and for sake of credibility, I have lost a fortune on this stock, and likely currently hold a lot of shares Whether management have been unlucky or not, it has to be pointed out they have not kept shareholders properly informed - the most negligent item that springs to mind is that a newspaper was able to inform us of the price of a share placing before the company did. In addition to this they did not accrue for a potential charge for drilling activity, or make shareholders aware of the risk associated with it. At the time, if the charge has been applied it would have bankrupt the company. Lastly, there is nobody who receives 500k salary to run a 30m company unless they own it, and no self respecting CEO would accept a raise during a period such as the one the company has gone through. For that alone he does not earn any of my respect. I think Jimmy's input is interesting and worth reading, why he provides it doesn't really matter to me. We have Sobeit to question everything he says and balance out the argument. Ramping and de-ramping is much more profitable on penny stocks that turn over millions of shares a day - not sure why anyone would waste their time here. I'm disappointed the recent rise did not hold and move forward but I remain optimistic, only because I cannot bring myself to believe that this has all been smoke and mirrors for the last few years, and because major shareholders remain silent when they should be knocking the door down for new management (the cynic in me thinks they may have shorted it from 75cent to 25cent to fund their placing purchase - I do hope I am wrong). Anyways, no value in me selling today so I'll keep holding on for better days and enjoy the banter while it lasts.