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es1

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Alias Born 07/13/2009

es1

Re: webpence post# 139412

Wednesday, 04/23/2014 12:27:06 PM

Wednesday, April 23, 2014 12:27:06 PM

Post# of 165851
They gave the money for the exclusive. They dont have any say of what it is used for. An exclusive does not mean stop all functions until we get around to our opinion.
But forget what SOE would think or do. The question was ... What did they do with $250000. By your line of thought we couldnt do anything at all while SOE had an exclusive so when the exclusive expired they should still have the 250K in the bank. They still could have drilled.

What did they spend $250K on?

They would have been like WTf If Scott used it for that purpose.


Maybe they would have realized they were getting a deal and better close it before they drilled and had a resource estimate.

What do you think SOE expected Scott to do with the money? Pocket it?
An exclusive does not give you the right to govern the companys moves.it only secures your place as first in line.
Not to mention they did not have to inform SOE what they were doing.