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Engineering, procurement, construction & management of crude oil refineries.

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Message: We were warned

Yes we were warned but by that time it was to late for me,i already was heavily invested in this piece of (you know what).My problem,right?, but i read this article in January /08 when it came out.With my limited education and inability to put into words that wont get me banned, every time i read this article about Ax Energy,Badshah Communications,so called 4 $billion US for 2 projects from Barclays Bank,the feasability studys,The $250,000 service contract in Libya, Foley explained in the release, had only been verbally confirmed. Furthermore, he revealed, "the company has been (unable to provide satisfactory evidence to the exchange as to the existence of any such agreement). Here is another one, (Similarly, he said, the contract to supply crude feedstock to the proposed Tunisian refinery was "based on verbal assurances only." In this matter, too, the company was "unable to provide any definitive or tangible evidence acceptable to the exchange" that it had any agreement) I copied and pasted those 2 pieces of David Baines article.Surely there must be something in the time this has been under scrutiny that Foley should answer to, the exchange ,in my opinion,has much more responsibilty, as Foley himself.I do not get any thing other than contact the company from our infamous watch dog,BCSEC, so what do i do? i contact Foley himself,every one knows what comes out of the horses mouth or should i say the bulls mouth.The securities job is to get him off the exchange,this money is gone but i want him to pay but he has probably looked after that too.Sorry for the rant,buster

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