My take on this ... this is a disaster. What bad news. I will start to sell on any rally. I don't want to be left holding stock if they dissolve the company and if Irvington gets all the money. That's flat out unfair to the common shareholders, I never knew about that provision and nobody on this board has ever mentioned or brought up the possibility. I see that as a conflict of interest personally.
They couldn't even get the Mexico Pemex Well project done and revenues were a goose egg for last year. They couldnt even find one deal to do for oil exploration, I just don't get it.
What does "a possible share buyback of the majority shareholder, Ervington Investments" mean? I assume it means Irvington would buy out our shares, or does it mean the opposite that Irvington would sell out their shares, it's not clear to me.
