Re: our leader mike foley
in response to
by
posted on
Sep 15, 2010 02:39PM
Engineering, procurement, construction & management of crude oil refineries.
Most babies walk with around one year. WWF never walked, we always crawled, and for over 2 years we are flat our belly trying to get up…over an over.
Many shareholders that empower WWF with their money invested in a little bit more than in just some guys vision… the numerous lofty NR talked about billions and business in Alberta, Lybia….and much, much more . That is more than just a vision. Few of us invest `just` a vision without some kind of business plan and milestones etc.
Yes we all make mistake but it is expected that a business leader learns from past mistakes. I am not sure that can be said with MF, at least not when we look at his success rate and WWF`s history. As someone once said `MF is in is own way to success`.
Hard to keep the faith given that we don’t know what is going ( pp, projects status, cash flow etc) . We have not had any good news for several years other than unrealized death lines and promises…and even conflicting news.
If I lend money to a friend I certainly expect some kind of accurate feedback where the money goes , when I get it back etc ..more so in my investments.
Yes we have to stay positive but we also should stay real acknowledging the companies shortcomings and make sure we don’t repeat them so potential investors don’t loss money in some kind of shaggy dog story. As they say ` don’t fall in love with ur investment`.
Don’t mind losing my money but I like to make sure no other investors will lose their hard earned money in something that will never even have chance to take off because of ...
Let`s see if we get an NR. Lets say if shareholders actually get updated with the truth. I think most of us are willing to give the company another chance but I don’t think we will accept another fluffy update easily.
I certainly learned a lot in the last 2 to 3 years about investing, credibility etc. Yes investing in a penny stock has more risk and uncertaintities but that does not mean certain basics can be ignored such as communications, accurate and NR that can be verified etc …