VOG Operations Outlook 2016 was well wrapped in shiny paper. A juicy morsel some might say. Please don't misunderstand me. VOG, in the absence of Armageddon, will be a survivor, and might in capable hands, prosper. My preference, however, is for transparent profit and loss accounts, even projected ones, to accompany updates and outlooks. I would expect remunerations, amortisations, and expenditure to be given equal weighting to income, in a very timely manner. The market could then run this stock to Pluto.
In the absence of the Board of VOG running amok or total capitulation of the Stock Market, I think VOG has plumbed the depths. Accordingly, VOG is ripe for harvest, and could be a candidate for predators soon. CEO Foo is still not exonerated for his late publishing of operational updates with numbers to back it up. This is not the industry norm.
CEO Foo is no friend of investors by keeping the investing community in the dark, and then presenting out-of-date reports filled with gobbledegook. Investors and institutions are not stupid. As VOG SP falls below 25p, I hope a "White Knight" launches a hostile bid, takes the company over, removes FOO and half the Board, and puts a revamped VOG back on the map. In the case of VOG, silence is not golden. It creates suspicion that things are not at all well, and a proclivity for the SP to crash.
I'd like to think that the VOG Live Stream platform is a democratic platform which values and protects free speech of individuals, irrespective of whether we agree or disagree with what they have to say, provided it is not too personal of course. On this note, I would like to propose that Edna and her friends are left to their own devices. Think about a "Happy New Year" and God bless.
The Market is always right. At the current rate of decline in share price, VOG will punch through its 52 week low and plumb new depths before the New Year. Best to go with reality -- The Market -- rather than the ifs and buts of soothsayers and other conundrums.
Santa has been unkind to the rank and file holders of VOG shares. Kevin Foo and his nobles need to action some of our New Year's resolutions. Not wishing to be presumptuous, these might include, in no particular order: (i) Timely and regular news updates, with emphasis on the "timely"; (ii) " Presents" like shares and options to his nobles dependent on share price; (iii) Simplicity and transparency on reporting -- complicated reports generally hide nasty news; (iv) A close rein on exceptional items and amortisations -- rapid disposal of loss-making properties -- if necessary; (v) A statement by Kevin Foo and his lieutenants re-pledging allegiance to shareholders. Actions like these should stoke up the share price. Happy New Year (in anticipation).
What's happening at VOG? Forget the AGMs. Just look at the SP. The market is never wrong. It sees VOG for the dog it is. Where is the accountability of management to its shareholders? All their presentations are complex. This means things are not well for the company. News blackouts are horrendous. Important data is drip-fed to shareholders at best, often 6 months past the sell-by date. There are too many amortizations which are never explained. Not good enough Mr Foo! VOG hierachy embarks on drilling projects without proper consent from shareholders, and the risks are never properly and honestly defined. VOG is now teetering on the edge. A single wrong move from Foo et al could sink her.
VOG. I hope their is no contagion from the terrorist attack at Kerawa yesterday, in the extreme north of the country, bordering Nigeria, resulting in the deaths of at least 30 souls. These actions occurred about 800 km from Douala as the crow flies. The effect on SP at the moment is not apparent.
VOG. If the market holds until the next quarterly report, we might see a 10p increase in SP. If it cracks, Wall Street and every other market will crash like no one has ever seen before. Investors will be obliged to dump many positions, and in particular AIM for margin calls. Then, VOG could be in for trouble. It will not go stony-broke as it is a cash generator, but a downturn of -15p may well be possible. So that's it -- the good news and the bad. Sleep well good people!
VOG. Stockholders and speculators had a tough day trading on low volume in a tight 50p to 51p band. I hope this is near the bottom of the sink, and a black hole like the one they envisage at CERN on 23 September, doesn't suddenly appear and swallow up what little we have left. I hope Mr Foo, in his next address to stockholders, describes how stockholder value has been consolidated. Anyway, I'm going for a brew.