When people lose their investments and livelihood because of acts like this bunch has done, it's no GAME! You need to grow up and stop running your mouth about what a great professional trader you are, your no such thing and everyone of the board can see that. Your an immature child with a key board. The ones that need to take responsibility for their actions and decisions is the management team of PGH!!!!!
Pardon me, meant, who should be jailed, but no matter the point was made. What charge you ask, well when you take a Co. from $25. a share down to under $3. and pay yourselves millions and millions in salaries and bonuses, with countless raises and probably many other benefits and rewards we don't know about, all while shareholder value has been and continues to be destroyed, I'm sure there could likely be a whole host of charges. This management team doesn't seem even have a code of ethic's, much less follow and uphold them.
Agree 100%. I've posted for years on this board that management only cares about there unjustified salaries and bonuses and not shareholders. Management has destroyed shareholders and payed themselves millions to do it. WHY, and who keeps voting for this bunch of henchmen that should be jailed? I also recommend that everyone who can vote do so, and vote against this bunch who has destroyed shareholders for their own personal gain, and put a new management team in charge of this Co. before it's to late, and to late, won't be long coming, time grows short for PGH as it is currently being run, management has milked the cow dry. imo and gl.
Again, I totally agree with your sentiment. Management lied plain and simple, and it looks like an act of desperation. Sure makes me wonder just what we're not being told, like what's coming next, another divvy cut?
I completely agree with you, won't surprise me if she goes below $11. by end of this week. Another management team with their head in a dark hole with no interest in shareholders. Can you say, DILUTION!!! I was starting to think LINN might see $20 within a year, not now. Thanks for NOTHING management!!!!
PGH stock price was in the toilet when oil was over $100. pb. The Halloween surprise only put an end the tax free Canroys, the crash in PGH share price was 100% bad management.
This was managements insurance that they can continue their salaries, they will eliminate the divvy next. The writing on the wall that management is worried about is that oil is likely stuck at it's current price or lower for a couple of years at least. that is if the current holy wars in the East don't spill over into the oil fields, and once PGH hedge's run out, PGH will not be able to survive these oil prices. Management is likely only covering their own greedy butts!
Now it's a very DILUTED mom and pop Co. The stock at only $3. and management issued more shares to further cut the throats of shareholders. Enough is never enough for this bunch of liars, they will bleed shareholders for every last cent.
Told you, told you, and told you that you can't trust this stinking bunch of liars, you pumper's just didn't want to hear it, well were are the pumpers this morning? I'll tell you where their at, their hid out in a dark corner licking their wounded and diluted rear ends. Now tell me again how much management loves shareholders. I told you management would lie to you and stab you in the back just to continue their salaries, remember what I said, shareholders always suffer, but management never does. Now, can you say $2. per share, here it comes. How much do you pumpers love management now???
Management has destroyed so much shareholder value that NO ONE trust them any more. Once a management team destroyed shareholder trust it's nearly impossible to get it back. Only machines trade this stock. Management needs to sell this Co. while there's still anything left to sell, if they don't, management will soon enough destroy and pocket what's left.
Are you getting that worried about your short position that you offer to make fake wager's? Everyone knows you wouldn't pay if you lost, and you eventually would. Sooner or later the markets will create another oil shortage and LINE will shoot up accordingly.
"Never", hasn't life taught you nothing? Never say never. In the world we live in oil could be over $150. and LINE over $50. by the end of this week! Not likely I admit, but possible. To so foolishly say "never" you only set yourself up to look an idiot.
What is so insane about it, it's the truth! What is it with the truth you can't stand. PGH fell about 12% before earnings, it gained back about 4% after earnings but has since lost that back. Did management lose 12% of their pay when the stock went down, NO, has management ever lost any pay as a result of PGH going form $25. to under $3.00? NO, they did not. Management got paid millions to destroy shareholders. I think they should all be jailed. How can you or anyone in good conscious uphold a management team that has destroyed so much shareholder value, and paid themselves millions to do the deed? Nasty, maybe, the truth, certainly!
Up??? are you serious? This stock has fallen from about $3.40 to $3. in just the past 3 weeks, It has managed to gain a little of that back today, and you all think it's up?????? How about let's look back a little further, say when PGH was $25. and then tell me how much it's up. LMAO! You guys math skills are a lot worse off than my spelling and grammar that your so fond of pointing out. This stock is NOT up, it hasn't even started up.
and that's what counts! The price action this morning says it all and it looks like PGH is headed back albelow $3. No serious investor will touch this contaminated pork belly stock until management gets serious about reducing debt, all they did was extend it. The divvy will almost certainly be completely eliminated within a few months, as they can't continue to borrow money just to pay the divvy, and If oil doesn't rebound and soon, this Co. will BK along with PWE and others.
short probably are working hard to keep a lid on oil stocks, esp. LINE hoping to cover on the cheap. But if oil keeps going up, then the squeeze will be on. This week will be interesting.