I wonder is there anyone actually still left on these forums that can go to the AGM in perth and shed light on what will go down? I was reading on the LSE threads someone suggesting Ron might have to hire some security at the AGM considering the financial carnage his actions have caused it may not go down well if someone fists him or something.
My guess on where Ron will end up is back in La Jolla living a comfortable retirement with shareholders funds. With the oil markets in the toilet it might be hard for him to go to another oiler company and rinse and repeat what has been done at Oilex.
BH, If that turns out to be true that Ron has gone over budget with GSPC and not disclosed to the market. There is a huge problem there and the stock really should be suspended while a full investigation into what has actually gone on. Agree the stock is effectively at zero value even at just over 1 cent. There was a sliver of confidence left at 3 cents but the bad news means an unlikely recovery unless there are changes to the directors.
OEX Price at posting:
1.3¢ Sentiment: None Disclosure: Held
