That is what I call a perfect example of a caring management who pays complete attention to their fiduciary responsibility towards shareholders and is consumed by worrying about our hard earned money invested in their company and entrusted to them being safeguarded !!!!!
To see what I mean just look at all the press releases they've put out over the last several days to shed light on ambiguities and give comfort to the markets!!!!
Shameless they are.
I sent you an email; How many have joined you so far?
I signed up for the LAWSUIT at paragonoffshoreATgmail but in addition those in management responsible for implosion of share prices should be held responsible in terms of salary cut, firiing, etc
I agree; BK is not in the cards at this time until 2018-2019; But also remember that by then the oil prices have most likely surged back up and drillers would be doing alot better. Don't forget that oil is a cyclic business and every so often we have this crash of the oil prices and evrytime it goes back up.
tell the management that you've already ruined the bulk of your shareholders initial investment but at lease show half decency and spend a fraction of all the cash available to you and retire the commons and then do whatever the heck your incompetence guides you to do.
Can anyone shed some light on this. Lee is apparently busy answering phone calls from shareholders and others and is difficult to get hold of. If you have spoken to him please let us know your take.
How is it possible to file BK when no loans are due until 2019 and they have enormous amount of cash in the books?
Manipulation glare...May yet close green with only 25 minutes left. They tried to shake weak hands but nobody is selling. Everyone knows that PGN is a definite survivor with plenty of cash and no debt payment due until 2019. On top of that, and despite possible loss of those two rigs, it is expected to remain cash flow positive indefinitely.
I agree if earnings report is accurate this stock should be well over $5 right at this moment.