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BPZ Resources, Inc. Message Board

  • don_t_panick don_t_panick Dec 26, 2013 10:23 AM Flag

    Why CMS & MGT MUST compromise

    The best possible outcome for shareholders would be a compromise where management stayed in control but Board changes were made to restore a truly Independent Board to Mill. Management may be a bunch of greedy rascals, but they are executing well on their aggressive drilling and expansion plan. They've made me money and are good for shareholders - assuming that their greed can be properly checked as it should be by an independent Board.

    CMS has not proven that they can run anything and their Director slate (headed by Gov "green energy" Richardson) does not inspire confidence. They have not presented a plan for dealing with the Apollo issues that would arise if they are successful. I think they probably could deal with Apollo, but they haven't proven it. If those Liberal cry babies win then Mill is a "sell". If management wins with the majority of Board members having been exposed as being management flunkies, then Mill is a "sell".

    Best solution (and really the only solution) is a compromise that restore a credible Board while keeping the greedy, self serving, obnoxious management team that is successfully executing on their aggressive drilling plan.

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