How many remember the countless "dry holes"? That was a terrific method of siphoning off money into insider pockets
I'm sure you've noticed that the toadie team of carson- tom (almost certainly the same person) are EXTREMELY bothered any time someone notes how rotten this management has been. I also applaud your efforts to hold them accountable for their malfeasance over several decades while this company has languished while the energy sector has exploded. We all remember the tired old "dry-hole" ruse perfected within this company. carson/tom and the several other ids he uses have been trying to stifle any truth-telling here for at least 15 years; he is very likely a member of what passes for management.
all we're going to get is a couple of bad sales and earnings reports and maybe one sale per quarter of one of their pop-gun vibrators? And then maybe bad FDA news in the fall?
VANCOUVER, Feb. 11, 2014 /CNW/ - As a result of the publicly announced unsolicited buyout offer for Longview Oil Corp. ("Longview") on February 10, 2014, and the subsequent disclosure on February 11, 2014 of the undisclosed bidder's intent on acquiring 19.8% of the issued and outstanding shares of Longview (each, a "Longview Share") through the secondary offering initiated by Advantage Oil & Gas Ltd. ("Advantage") of its 45% stake in Longview on February 4, 2014, Nawar Alsaadi, a major Longview shareholder and the owner of 3.4% of the Longview Shares, issues the following statement,
Longview has an extensive and valuable slow-decline oil weighted asset base. The Longview Shares today trade at a fraction of their true value and are in no way reflective of the current and future production, reserves and cash flow generating potential of the company.
A combination with a credible acquirer could prove to be beneficial for Longview's shareholders as it will accelerate and enhance the development of Longview's extensive asset base; however, such a combination is only viable in the context of the payment of a price adequately reflective of the true value of the company's underlying assets.
Nawar Alsaadi is supportive of Longview's decision to form a special committee, hire a financial advisor and initiate a shareholder rights plan. It is worrisome, however, that the special committee is inclusive of Mr. Steven Sharpe, current Chairman of the company. Mr. Sharpe, in his capacity as ex-Chairman of Advantage, has presided over the initiation of Advantage's secondary offering of its 45% stake in Longview at a price nearing an all time low. This secondary offering has provided the current undisclosed bidder with an opportunity to acquire a large portion of the Longview Shares at an artificially low valuation.
In a letter dated November 21, 2013 Mr. Alsaadi advised Mr. Sharpe, in his dual capacity as Chairman of Longview and Advantage, not to proceed with such an offering,
This stock is always five years away from greatness. It has been for a dozen years and it will be until the day it finally just collapses. In the meantime there is only one person who has made big money selling it. He should finally be expected to deliver instead of capitalizing on the silly cult-worship of you pigeons.
You would have loved Ponzi. This company is just a joke to everyone but you believers. A few years back there were 20 million shares of a $2 stock. Now we have over 100 times as many shares of a nickel stock. How can any sane person defend that?
"Simple way to make stem cells hailed as major discovery". Say goodnight, Lanza. Too bad this ado generated by seeking alpha didn't last long enough for you to sell a few million shares. But it should be time to award you for another 20 million or so; after all it's been a while since the last award, hasn't it?