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.)
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 ...
1.There is a 30X upside here and that is why I am in the stock but am extremely concerned the management/BOD is conflicted and incompetent to manage the assets. So it is a case of geology v. governance. My self-appointed role is to forcefully make points here and to Providence's distribution about ways management/BOD might do better, a lot better so that we do not get taken out of the name at a derisory 2X from here.
2. I have put several of the largest institutional shareholders in the name and therefor am fighting like a steer to protect Providence's reputation as an 'investors' champion.'
3. As reported in Forbes, "This is the most fun you can have with your clothes on.'
4. I see the Message Boards as a very effective way to transmit information, shape opinion and influence CEO's/BOD's. I am hoping to dramatically step up the quality of MB's--see UAMY and KIPS.
I trust that the above satisfies your curiousity! Cheers, Bert