key and my dream,

Key and my dream,

I was dreaming of Tanzania. Gas, a lot of gas, then came the UK adventure. I sent key another $7,000. We will be an oil producer company (in total shareholders sent about $7M). Then the buzz word about horizontal drilling, 500 barrels per day, then Romania then Australia ...

Then I woke up and the picture was clear: The directors salary is huge. In total is more than 20% of the value of the company. Each director has a consultancy company and gives key a few advises and charge key with millions of $ ... millions of $ disappeared without any progress in the ground...in one particular case, shareholders paid for the HZ drilling in UK twice and this did not happen...

All the above was "above the table" and easy to read from the company website...just imagine what sort of things happened "under the table".....

I do not mind to take a risk and loose, but this is a scam!

Directors are making millions of $ from miserable idiot shareholders. There is no real business here except for these directors to drill our pocket....

shame on asx and shame on Australian spec companies.