New Frontier Energy Inc (NFEI)

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2014 annual report- posted day after I called to ask for Samyak's contact info- indicates that Tristan unwilling to take the full writedown on Samyak's "investments", but that the half dozen employees will take over from Veera in siphoning off all the cash flow as general & administrative. Notional book value with hundred-dollar oil drops to twelve cents.

It's the old story: you'd make more money, overall, running the company honestly, for the benefit of all shareholders. Samyak, owning or controlling half the shares, would have made more by simply running the company reasonably well instead of defrauding shareholders with scammy things like Zero Water. Even now the company would be worth a lot more if the employees allowed a few pennies to trickle down to retained earnings. But Tristan owns no shares, nor afaik do any of the other employees.

Ironically only indicted fraudster Samyak can save the company from the new chairman's compensation policy.