Addax Petroleum (fka AXC)

[nordicroots]

And by not reporting (good or bad news ) we will not know for certain. I understand that this increases the risks for shareholders who bought in good faith while the company was current with reporting, but it doesn’t mean I (or others) particularly like it. It is what it is.
Going dark as they have is also one way they keep themselves entrenched in their management roles. I’ve watched a number of other instances over the years in this industry where management teams have been bounced out of their roles entirely, or stayed employed by paying off [think of the term being “greenmailed” by] activist investors who threatened to remove them and break up the company (think back to Unocal and how much it cost them to send the corporate raiders away, but in the end they essentially did the same thing the raiders would have done [broke it up themselves and merged the remaining reserves into CVX] but while this resulted in many jobs lost, it gave the management team precious time to arrange their golden parachutes). I’d hate to see this management team feather their nests at further expense of the rightful owners of the company - the shareholders of record.