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Magellan Petroleum Corporation Message Board

  • herbert.denton herbert.denton Feb 24, 2014 10:45 AM Flag

    CEO "triple dips' hurting every shareholder (including,himself)

    On top of $400K remuneration; a multi-million 'bonus" on Poplar (now u know why Poplar is popular in Denver); good ole Tom has his snout, once again in the shareholders' trough with a $50K of director's fees from Central Petroleum.
    The ONLY reason why good ole Tom goes on that BOD is MPET's asset.
    It is unseemly and, tho small, irks the institutional investors no end. (Is a jet next?)
    Tom: CUT YOUR MPET COMP by $50K. Stop gouging us and hurting the share price simultaneously.).
    TAKE the $50K "savings' and put part of a boot on the ground to monitor our $200mm asset (right here and right now @ $2K/acre of the the 'plum' shale in the UK). STOP the CFO from making facile remarks about not having anyone on the ground in the UK coz of the added overhead (rolling on the floor with that one here and did not know Jay Carney was working two jobs.)

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    • Mr. Denton, please accept my apology in advance if this question offends you. Why would a man of your stature, influence (to involve institutional investment,) and shareholder rights acclaim use this board as somewhat of a bully pulpit? Having researched your impressive credentials, I find it 'unique' to see you holding court on a message board. Again, I have the utmost respect for your achievements to date, but find it odd to see you here ...



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