davys are not the people to give an honest opinion on the arrangements attempted by the petroneft board . in ireland their assessments of their own clients are always overloaded in favour of the existing board like petroneft . davys have been aware for some time of the natlata and its share buying in the market . in fact both davys and the board should have commented weeks ago but as i said the two are in bed together and not for the interest of the common shareholders .
davys are the petroeft brokers and have a reputation of being very parochial and biaset
the board of petroneft have proved to be totally incompetent over the past 6 years and at no time achived their own budgeted production levels. an interesting point is natlata wants due diligence now this is normally only required as part of a share offer . this would indicate that natlata are of the opinion or have info that something is serious wrong with cash management or unregulated oil production .
at last the chance to get rid of a bod that reduced shareholders value in the company to buttons never achived their own production targets plus the fact have always failed to keep their shareholders informed.with a bit of luck natlata will remove the present board and make a offer to take out the remaining shares .pg
phil surely the identity of nathala is well known by the bod and the city in general . the shareholders are entitled to know who is buying their shares and the reason for doing so .at the moment nathala would appear to have info to justify their share purchases but the shareholders selling the shares do not have this info .my point is the bod should clarify the situation a long time ago .
again we have the bod absent without leave .total blackout from the people who are by company to look after the interests of their shareholders .the bod knows who nathala are and their end game surely the circus petroneft calls its bod should allow one of its clowns to up date long suffering shareholders plus davy stockbrokers are failing in their duty to petroneft shareholders equally .