that is waht this BOD is MMD!
after spending millions and millions this guy comes back to his shareholders without a proper update, only mentioning in the future you will be pleased by what we will drill in the future.... If my uncle had tits, it would be my aunt.... is what we say in the netherlands.
pffff.....and he gets away with it.
man oh man.... when these guys are finally proving up something the stock is diluted away from the ownership of all retail shareholders who are holding these shares.
don't forget instu's also make money by selling their holding, taking part in a cheap pp (allowed by their friends in this BOD), and selling higher again. This is the game that has being played and will be played here, so the argument that 59% intsitutional share holders garantees that there is money to be made for retail, doesn't make sense unless you buy in a pp and sell on the market in their rhythm.
these guys are spending much more money on drilling than any other company around in the Mcfaulds, don't know how to make a good deal with a drilling company, don't hit shit and are loading themselves with cheap options.
man what a mess. as most oldies here might remember, not a fan from nemis and his friends front running the stock hand in hand with the agora boiler room, but what we have got instead in not much better either. this company needs a proper BOD, not a bunch of greedy and lazy clowns. shareholder pressure is a necissity here imo, at least if you want to make some money with holding this stock, and Mr. Wes should have a kick under has f... behind, to wake him up and have him start to do some quality work. giving lousy presentations and just collecting options for yourself and your friends doesn't do the job!
new pp in january/february? somebody wants to bet on that?
and they better hurry up, if this market crashes again (due to the forclosure scam), nobody will make any money what so ever!
cheers, rose.