Another thread on QPN had god's broker going on about how we should all get over it and not sook because we lost money on a penny dreadful. Give me a fricken break!! I can accept these plays are high risk and if I lost my money because the 3 drill holes came up as dusters I wouldn't complain at all, that's the way it goes. What I am mad about is how shareholders of this company have been treated.
When QPN announced to raise cash to drill the 3 holes I (stupidly) assumed all the homework had been done, approvals sorted etc. Now either the company had no idea of what they were doing in that they hadn't got those approvals, had no idea that to be drilling in 3 months was unrealistic or they lied to shareholders to raise that cash through the excitement of a drill programme.
If they didn't know what they were doing then they should be much more careful about using OTHER PEOPLES MONEY! If they lied to just raise cash then they should never run a public company again.
The fact they haven't drilled those holes almost 2 years later is bad enough but the lack of communication and honesty to shareholders is appalling. A class action would not be about the money at all, 100% about the principle that company execs should be held accountable and should not treat shareholders with such contempt.
GRRRRRR
MJ
QPN Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
