I'm really wanting to add some more at these low prices, but I have something nagging at me that makes me hesitate. There's a scathing message about Hodge on the Stockhouse message board from a supposed former stockholder. Anybody have a take on this? true/false, legitimate complaint,etc. I'm not interested in hearing from bashers, just from legitimate shareholders like myself. Thanks in advance
Just as I suspected when I was trying to get get shareholders to vote against the dej R/S -- unfortunately there were few of us. I hope these shareholder realize how stupid they were in that decision.
Way back, I also raised Hodge involvement in his own private company and possible conflict of interest. It seemed incompatible with the CEO of a publically listed company. It was also at the time of the first or second private equity raise (at a substantial discount to market - before the announcement).
I would not be surprised if the 'poster' was former Director/Shareholder of dejour.
That being said, I could care less what he has done with ADDCO - it is Dejour that concerns me as a shareholder. So, here is what I think should be done:
1 An investigation by a board of independent directors.
2 Hodge steps down till investigation is complete.
3. We have a Co-Chair so #2 should be no problem.
4.The R/S should be taken off the table - though I don't know if this can happen, as it was voted on. However, they could say a R/S will not happen for the next year, at which time it will be reevaluated.
The follow on from this excerpt for Stockhouse did not come through -- so here it is--
On 11/19/2007 AADCO announced a 5 to 1 consolidation proposal ... a common Hodgkinson theme or experience.
All I can say as WOW( reading those posts)!!!!Ask yourself a question.......This person has libel written all over it.... IF he's wrong!!! But it's certainly written like this person knows alot of details, So why would he write it ???????...it's way too damming to not consider it truthful!!!!!!!!. I personally see him as a very disgruntled former shareholder that is a lawyer, and close to the early 2007-2010 action.... the next few weeks are going to be interesting! In more ways than i ever considered..... And fools..... this isnt a way for the PRO'S to accumulate your 15 center.....who in the he...ll anymore...cares enjoy!!!... Oh continue to spin this foolishly.....fools!!!
CEO of AADCO was Charles Hodgkinson. This poster is someone that is or was real close to Bob and Charles. So you want to have this person held liable ? How could you be so blind. If I was a shareholder I would be trying to contact that poster than get Blacker on board to remove Bob H. before it's to late. Group up or put your head back in the sand.
not sure about the "Stockhouse message board", but this management team has lost any creditability they had by sitting on their #$%$ and watching shareholder equity getting wiped out, without saying a word.
Robert Hodgkinson is out for himself, not us. F him.
If its the one about the "hidden agenda of RLH" its completely unfounded, as such things are. Robert Hodgkinson is a hardnosed businessman, no doubt about that, or he wouldn't even be able to survive, much less prosper. I think that Dejour has done very well considering the property it has in Colorado and the four gas wells that are producing. Like with many small Oil & Gas E&P companies, financing is risky; and in the case of Dejour what was to be a bridge to bigger things (Woodrush to the Piceance) didn't work out as we all wanted. Woodrush is not a bust, but its not the big producer we all hoped it would be. Such things happen in oil and gas.