If HRT had discovered Oil in Namibia investors would have been doing cart wheels and praising management. As we all know that did not happen. This happens in the Oil business and is no fault of a company's management, if you did not think this could happen you are a very naive investor.
We as investors do not have the expertise or the connections and the ability to bring in new management. Even if we could I feel it would be more expensive and very disruptive to HRT.
What the current management needs now is the support of it's share holders, so they can continue on building a successful company.
Like other investors I am underwater in my investment in HRT, this of course is not the first time, it has happened to me in other investments I have made. But more times then not I have found my patience has proven very rewarding. I feel very strongly my patience in HRT will turn out the same way.
I can understand why some investors were disappointed by the fact the Quarterly report and Conference call did not move the shares up. This was no surprise to me since the company is in the dog house, what I got out of the company is that the management is taking the right steps and moving at the right speed to bring about the results that we once envisioned.
Because of why I invested in HRT in the first place, should anyone try to force the change of management or liquidation of HRT, I shall do everything at my disposal to stop it from happening.