Victoria Oil & Gas - Re: VOG Stream Log - Chairman Foo and Board of...

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21:50 26/04/2016

Chairman Foo and Board of VOG say one thing and woo investors with promises of sweets and treats in the future, but the market tells a different story. VOG share price is treading water. Why is it that the SP is paralysed and yet VOG makes cash daily? What is it that the Board are doing which does not make sense to the investment community? I can answer that one. They are spending rather than saving. It is appalling that cash reserves are below £5 million. Duffer reports VOG has already used half of its drawdown facility, leaving our company in debt. Thank you Chairman Foo. I see further spending crippling VOG, sending the SP plummeting. A saving grace would be a hostile takeover. Then the SP would rocket. Investors should not follow the Board over the cliff.

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