Hey there, Amalgamatorians! What time is it? That's right, it's Amalgamated Exploration Bad-PR Damage Control Time. Right on cue, here comes the latest tap-dance from none other than our good friends at Red Hot Stocks.
[aside to Red Hot: yeah, the part of your e-mail that mentioned you were monitoring this thread came through, a lot of it didn't, except the nifty tap-dance on behalf of your beloved AXPL.]
Maybe some of the rest of you got the same missive I did; maybe not. Anyway, Red Hot says we're all supposed to relax, pop a cold one, and not WORRY so much. As they put it, ".... who gives a shrill soprano's hoot?" Well, RHS, aside from being a hilariously bad metaphor, the answer to your loaded question is: Any investor who wants to feel they're being given straight-from-the-shoulder, no-holds-barred information based on correct-at-the-time-of-release facts. Apparently that's not important in your catechism, but it is in mine, and in that of every other serious investor I know. But hey, what's a bungled press release, right? Coulda happened to anyone, right? It wasn't you, it wasn't me, it must have been that fellow behind that tree! Of course.
[Straight-on to Red Hot: Look... this company has a world-class credibility problem given the events which have transpired, and clearly you don't understand the ramifications, either. After what has happened with Bre-X and Delgratia, every junior resource company in the WORLD.. mining.. oil.. doesn't matter.. is going to have to PROVE the veracity of every paragraph, every sentence, every word, every punctuation mark of every press release they put out for investor consumption. Compounding the fact that they're engaged in the process of actually finding oil and gas on their own behalf is the additional baggage of claiming to have a device which, IF it does what they claim, stands to revolutionise the entire oil and gas industry, at least in the aspect of exploration. The human propensity is to doubt any claim made by anyone purporting to do that which, heretofore, has been impossible. Humans are skeptics by nature; they want proof, they need proof, they demand proof. Anything, intentional or otherwise, which gives reason for pause or skepticism will SHATTER any credibility heretofore established, and rebuilding shattered credibility is akin to putting Humpty-Dumpty together again.]
It happens that I want to see this company succeed, for itself and for the largesse that will accrue to me should it do so. The next step for the company to take is not an effete alibi session, but a clear and concise statement of exactly what steps they intend to take to ensure that investors are told exactly WHAT happened, WHERE it happened, WHEN it happened, WHY what happened happened, to WHOM it happened, and HOW it happened. As it happens, these are the bedrock principles of investigative reporting; investors deserve no less. |
