No No No Fish1031
posted on
Jul 16, 2008 10:03AM
Investor Inquiries: 604-649-0080
Again I say: "No Fish1031"
You may sit transfixed while your money drains away, but I demand (yes demand) accountability from the management of companies in which I invest.
If companies that I invest in fail while trying with honesty and integrity, I take my losses like a trouper and move on. If they fail due to negligence or dishonesty, I want my pound of flesh through every legal means available.
If they do not communicate about the barriers which they are encountering, we shareholders don't have an opportunity to bail out until the company falls of the precipice. Corporate executives are bound by law and ordinary morality to inform us about material events relating to our investmement so we can decide from milestone to milestone whether we want to hold on or dispose of our shares. This can be done without disclosing proprietary completion technology or by slandering partners. Literate CEO's know how to do it.
MEO management may be as pure as the driven snow and I hope they are. But their silence about material events breeds distrust and reminds me of several other CEO's who said everything was fine: Ken Lay, Bernie Evers etc.
We have more power over our hard won funds if we band together, not to slander MEO management but to keep them advising us of material events. They are busy running the company but we must stretch them if necessary because it is their statutary and moral duty to keep us informed of material events.
Then when we are all successful together, we must certainly congratulate them and bear then victoriously upon our shoulders, thank them heartily and bless them.
Fisg1031, I, for one, am not shutting up and hoping, hoping, hoping for the best, like a sheep. I'm pushing, pushing, pushing on to victory and wealth like a man.