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nazulya

03/05/14 12:27 PM

#12020 RE: tom56 #12019

tom there is no doubt CEO has a job to do and there is no doubt Floyd will do whatever it takes to keep his company going AS LONG AS IT FITS HIS PERSONAL AGENDA AND INTEREST, as of today all he showed is a total and utter disregard to common shareholders interests since they are the ones who lost the most. The frustration with Floyd not related to his performance as a CEO, but frustration is based on him been totally misleading and dishonest which has been documented for the record multiple times (remember the Bakken, remember "encouragement to average down" while he was secretly paying off his bills by dilution, remember now 15 billion of A/S). My biggest beef with him is his reluctance to share the burden and forcing common shareholders to get wiped out while he still maintains that 51% of the company. So here is the problem-the biggest issue that Petron and Floyd are facing right now is FLOYD'S CREDIBILITY. Don't you think it might be prudent for him to show his good will to use some of his preferred to acquire more debt, perhaps when it comes to his personal interests he will be more careful with the money he gets, I think it is about time for Floyd to share the pain with shareholders, but he won't do that, that is Floyd, I think right now he is truly looking how to get out and go back private. May be Rick fellow should advise him on that, after all Rick is not their IR person, his official title, from what I understand, is "financial adviser". IMO