2008 Green New Year 22 days count down ! (from Genevabird)
posted on
Jan 10, 2008 03:43PM
Engineering, procurement, construction & management of crude oil refineries.
Genevabird sent the following to me this afternoon for posting here.
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For Oranges and Apple''s sake we need sanity and peace on this board!! Just because the stock has bottomed and is listless while waiting for news does not mean that all is quits and we start to burn the shares in a bonfire !! Have faith ye trembling jellos..as long as my mentor,oracle, guru whatever you call him, the Invincible and Fearless leader ,Ian Taylor remains positive, my optimisism has not changed a shade.
The lynching shouldnt start until Jan 31 2008.Meanwhile just read through the reliable past posts{besides those of Ian} of Boey ,Sharpe, swish ,Roy etc you will develop patience aND FOCUS for the next 22 days as advocated by Ian.
I understand we all kind of felt let down by Santa foley not delivering the goodies at xmas but the delay is a common natural phenomena of life..it is inevitable for whatever unknown or hidden reason....
Unless Foley has fooled me as a serial liar,I strongly believe what Foley told Boey and a few others in the e-mail in December.... "Development of hard assets in North Africa and that no news release until receipt of documentation is on hand to wipe the asses of MRS etc " is factual and true.Of course everybody expects the news release to occur first week of Jan ,it didnt happen resulting in chaos, name calling and a war of words.Nevertheless I can assure you, all this petty infighting will disappear when the much talked about feedstock and Libyan refinery for the past 5 months solidify into hard assets anytime in the next 22 days.Who knows like the post-halt trading forecast ..it was next week for the next 5 months until december 27th 2007.So for the hard asset NR it could be next week until Jan 31st 2008.Just in case it didnt happen by Jan 31st through perhaps further unforseen delay... maybe in time for Valentine rabbit pulling or latest Easter rabbit pulling ! |
I find Boey''s post of foley''s e-mail replies as very interesting and positive.I wish to thank him for so kindly and generously sharing with us.The following is a brief review of one of Boey''s posts "Foley''s reply to Boey''s question regarding wwf''s future..."We will in effect become an energy holding company."...wwf is putting a "consortia together that has collectively overwhelming technical capability".
What is a HOLDING cOMPANY...A holding company is " a corporation organized for the purpose of owning stock in other corporations.A holding company is said to be a pure holding company if it exists solely for the purpose of owning stock in other companies and does not engage in business operations separate from its subsidiaries.If the parent company also engages in ots own business operations ,then it is said to be mixed holding company or a holding-operating company.Holding companies whose subsidiaries engage in unrelated linesof business are called conglomerates."
There are many advantages to operating a holding company... financial savings ... easier to obtain control of another company with less investment then would be required for merger or consolidation. In the final equation it is feaSIBLE to gain control over large properties with less investment than would otherwise be required in a merger or consolidation. A good example of a holding company is Warren Buffet''s Berkshire Hathway which owns Geico,See''s candies,Executive jetetc.It is better known as a conglomerate holding company.
In short Foley has mapped out the future strategic vision of wwf ..he is following in the heels of Warren Buffet and hope to make it into a giant equivalent The Foleyshire Hathway Enetgy Conglonerate in the future.
Simple maths put forth by an analyst in the next home run stock..examples of past performances.
Dell compiter 10000 invested in dell in 1990nworth 6 million today.Wal-mart 10000 invested in 1975 worth 25 million today.
Further Boey''s postings on foley''s e-mail replies " wwf hasmade application to build,own and operate several new refineries in North Africa.We are in the negotiation stage with the reponsible authorities.wwf will issue News Releases when it is in receipt of documentation confirming a material change has taken place.We remain positive due to meetings attended,presentations given and encouraging correspondence".
In ending I wish to thank everybody for their interesting,educational and thoughtful posts ...a quote from Wordsworth
"Thanks to the human heart by which we live
Thanks to its tenderness, its joys and fears"
When wwf finally ignites and takes off, I am looking forward to eveybody bonding again for the common good and happiness.!
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