Very tired of nonsense on the Interactive Investor - TXO discussion board.
Unfortunately one person in particular under the name of 'Drunken Sailor' has some personal vendetta against TXO and doesn't much like EEGC either. For months he has been posting negative posts on the TXO boards with a lot of it focused around EEGC and derogatory claims and slander against Malcolm Bendall, Chairman of EEGC. Some bloggers know his good reputation. Unfortunately some others get lost in the confusing slander and start doubting.
Below are some of the points Drunken Sailor has brought up which I will later comment on.
I'm just glad that only a tiny proportion of investors contribute to this board and I think that TXO's 4 Week Trading Volume = 152,487,468 speaks for itself and demonstrates a lot of interest in the company.
Drunken Sailor by his own admission has angered both TXO & EEGC (Tim referring to Tim Baldwin, Chairman of TXO.plc).
"I then put all this to their NOMAD and got threats of legal action back from Tim - so nice of him to bother to contact me then!"
And all this from an investor, if you can call him that, as he only owns just one single share worth less than 1 penny. If there were not some personal vendetta he would have just sold all his shares and moved on, not to keep posting negative slander. Not sure what he hopes to achieve by hanging onto a single share!!! If he honestly had genuine interest in the company he would have had more say by being a share holder with a larger number of shares. The more shares the louder your voice at the board table.
"I used to have 883351, until I sold 883350 of them on 16 Jan having found out that I had been deliberately misled (by the Empire announcement that TXO repoduced on 11 Jan) which TXO then refused to clarify despite several e-mails which were forwarded to the board and a phone call" Drunken Sailor.
Drunken Sailor believes "Everything about Empire stinks to high heaven and TXO are likely to be contaminated by it".
He claims that EEGC have not discovered oil in Tasmania. "They have not discovered anything. If they ever get to drill, they have a 2% chance of discovering something".
