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PENN OCTANE CP Message Board

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  • rrb1981 rrb1981 Oct 6, 2004 9:16 PM Flag

    They better explain things clearly Thur

    Unfortunately I will be flying tommorow at that time...

    Things they better explain..
    (1) When, not if, POCC is going to do a reverse split. If they do not put one into affect, then that will be a clear signal of their intentions.

    (2) What the long term goal of POCC is... i.e. dividend payer, etc etc

    (3) Explain why they sold 50% of the GP to themselves and why/how that benefits POCC, especially at the cheap price they did it at.

    (4) Why investors should suddenly now trust them to make ethical decisions, when they have proven time and time again(not just the GP sale) that they will self deal, forgive company loans, make special deals with directors, award themselves huge warrants for "past services", which I might add is almost free money considering the warrants are only .30 out of the money or so and they probably did not anticipate such as drastic drop when they awarded them.

    (5) How they intend (RVEP) to compete against companies like Valero LP which just finished a brand new LPG pipeline into Mexico, known as the Dos Laredos project and is now taking market share from RVEP.....

    Are these guys really out to create value for the shareholders, or are they out to direct that value to their pocketbooks?