To Bob Swanson at Ridgewood Energy,
Well it's March Madness all right baby. It's March 20 which means that one of those oh you got screwed again letters is about to come from you, Bob Swanson energy guru. Let's see what's in this month's edition.
Remember folks my criticism of Bob and his fellow Ridgewood flunkies are on the action packed Alphabet funds they have been pumping out like guppies in a fish tank. Every morning you wake up and their are more alphabet funds. Congrats to those who got in early, you are making a killing. It's just those of us who got in after 2001 are getting the shaft.
Anyway I am not going to give Bob and the gang the opportunity to boast about the E fund instead we will focus on dividends for the sucker funds.
Ready for the good news?
I fund March Distribution 1.7% for a whopping total of 23.9% since inception
J Fund .3% 8.6% since inception
K Fund .2% 6.4% since inception
L fund .2% 17.1% since inception
M Fund .4% 7.6 % since inception
N Fund .6% 40.7% since inception
Q fund 1.0% 10.1% since inception
Not listed because they have no dividends are the
O Fund 0.0
P Fund 0.0
R Fund 0.0
S Fund 0.0
T Fund 0.0
U Fund 0.0
Just think if you put in $150,000 (minimum requirement)into the 7 funds that actually pay a dividend you would have received a grand total of $6,600 during the month of March. A similar amount invested in three month Treasury bills would have generated $25,830 for the month of March. Hmmmm $25,830 which is 100% guaranteed backed by the U.S. Government or $6,600 backed by Swanson and company.
So Bob and Company why don't you stop your foolish marketing and the foolish pumping letters that you send to investors and start to focus on pumping more natural gas out of those wells?
Another super month Bob. Keep up the great work and we should get our money back sometime around the turn of the century.
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3 comments:
Hey good times this month. My fund the K fund had a .002 payout. We have $150k in the K fund. We plan to use the $300 to pay part of our electric bill. Yippee
Thanks Ridgewood!
You should call those funds with $0 dividends the Blutarsky funds. Remember from Animal House? Mr. Blutarsky your GPA 0.0.
He did go onto to become Senator Blutarsky (in the movie anyway) but of course a tragic cocaine induced overdose. That's not good
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