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You know my opinion of Ntephe.

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midtieroil Member Profile
 
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midtieroil   Tuesday, 02/28/12 11:50:16 AM
Re: amj23 post# 254276
Post # of 303725 
You know my opinion of Ntephe.

I still think they are setting us up for a capital infusion by EO and his friends where they end up with a larger share of the company and the minority shareholders get squeezed down to a smaller minority interest.

At this point I still think it is worth holding onto. I think that there is bound to be some tidbit of news somewhere along the way where I will be able to get a better exit point then I have now. There isn't much downward risk left and if Ntephe actually does even one thing he has said he was going to do, this could work out OK.

If not and I lose everything it will be entirely my own fault. I will have learned the hard way that even great assets cannot guarantee success if you don't have a management that knows how to exploit them. In the back of my mind I still always wonder if this was the plan all along. Can anybody really do this poorly if they are trying? And will EO end up with a far larger percentage ownership than he has now. Are we being used? Time will tell.

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