Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
As a company director it is hard to admit that you are wrong. And thus good money is thrown after bad. That is what is happening at Northern Petroleum (NOP) and for shareholders to get anything back the board must be sacked now.
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Comments
paul
NOP. Now this is my number 1 short. Sold my shares @ 15p and took a massive hit, decide to turn short. Almost got my losses back too! Still further to go, I will stay short until 3p is achieved.
wildrides
Sounds like a plan ……….. its gotta be betta than the self interested greed displayed by the board in previous years .
In what other circumstance would this happen “ you pay my wages and bonus each year and in return you get nothing “ One is better off hiring a butler and living in the style one would like to become accustomed for a year than giving money ( by buying shares ) to this bunch of wankers and nare do wells . The walls ceiling and board room table are dripping I tell you , and its all self inflicted repetitive stress syndrome and carpel tunnel inflammation for these wankers.