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Krom, i may be wrong but based on the way most everything has gone, i somehow don't believe they are on track to make it by year end, and i'm waitin for their excuses! hope i'm wrong and they do at least accomplish this. We need a good update with some real meat on the bones, but i'm sure that is to much to ask!
Krom, the shareholders should not have to prove anything, dan should know what the hell is going on before he gives anyone an answer for this, which in his response to you yesterday it sounded as though they changed it already, went from being listed on the aim by year end to have application submitted by year end, that is not the same thing! I may be wrong but this sort of double talk is what has me very irritated, and it should everyone else as well. I don't agree with everything mid says but some of you need to quit giving management a free pass on some of this stuff. Reading that stuff is just as bad as some of what he writes!
Krom, is dan saying that the application is to be submitted before the end of the year! If so, i don't think that is what they've been saying. I thought we were to be trading on the aim by year end. Correct me if i'm wrong but several people have said it takes about six weeks after applying before you are actually trading. If dan is saying that i think their story has changed!
What will be the excuse when the end of the year rolls around and their is still no aim listing or report that was to go with it. I think it will be very telling if it does not happpen, and regardless of whether their is a bigger plan or not, if it doesn't happen i think the criticism of management will certainly be justified. You cannot keep giving them passes for not following through on stated goals in hopes the big payday from the big deal has to be around the corner because for all we know it may not be! jmo
So, dan is saying that after entering into these MOU's they realized they didn't have any money to pay for anything so thats when they decided they better have a means to pay for something first before they go shopping. Pure Genius!
Southern, it hasn't even taken place yet!
Yea, he's right, we don't need a bunch of words to bump the share price, we need some positive action, if they intend on growing the company, get movin! If their gonna list on the aim, get out that report and do it. Quit just telling us their gonna do this and that and do it.
JC, can you elaborate a little on how you've come to your conclusion of the first 5 wells. Most are willing to listen if you have something to back up the claim! thanks
Seek, what can you tell us about that bod meeting you say is to take place. thanks
Seek, how do you know their is bod meeting coming up! If so i wasn't aware.
Next week will be almost 2 months since the last update, i would think we are about do and if we do get one i certainly hope their is something more than the same old crap they keep feeding us such as we're working on this, we're making progress on that etc. For gods sakes get something done (something positive)! Another year almost gone and not a thing really to show except a lot more confusion about the direction of this company, and where's that report that was supposed to be on its way!
Is it possible this job ap is to replace bovell who some suspected a while back had moved on to another job and erhe denied that had happened, so why not attach your company name to this job ap! It seems that any highly qualified person would want to research the company a bit before applying for the job. I know i would.
2iras, so you saw it last night and it did say erhc.
They have 2 years to drill the next phase, maybe they'll deduct a year since phase 1 got extended a whole year, just wishful thinking!
Don't forget the great dilution deal management has done to keep us in this .22 range as of late.
Pepsi, their are quite a few of us here that have no agenda that are less than happy with management, maybe hands are tied to some degree but it seems they have tried very hard to poopoo anything positive the shareholders have dug up. Some things just don't seem to add up. Trying to stay confident that this will turn out okay but they certainly haven't made it any easier for us to continue to trust they will do right by the little guy. This company may end up with a ton of oil when it's all said and done but if management doesn't do everything above board, including being honest and looking out for their shareholders it won't mean squat to us little guys in the end. I'm sure some do have their agendas, but i believe many here do not and are very justified in complaining a bit!
Yes, it seems they've gone above and beyond planting seeds of doubt and trying to undermine shareholder confidence in this investment!
Where's the stinkin report, it's got to be done by now! come on management give us something. Only 8 more weeks til the end of the year, wonder if anything gets accomplished. probably not
Good luck BB, hope all goes well!
And apparently they are experts at identifying undervalued assets for potential aquisitions! Peter, Name one please.
It's basically the same speech he's been giving for last year or so, with nothing to show but a .22 shareprice!
Yea, he made the same coming weeks statement in the last update which was 5 weeks ago or so! He must have meant within the next 52 weeks or so we will get the report. You know coming weeks or 52, what's the difference!
Mid, i agree that the deal really appears to not make good business sense and the thought of more coming really sucks and could really be a weight on the shareprice, but i do believe seo knew all about it or it would not have taken place
Mid, do you really think SEO had no idea what management was going to do concerning this deal. I find it hard to believe he didn't know! jmo
I hope everybody here has let keeney and company know what we think of this deal and how given what they've told us makes no good business sense at all! I know i have.
Any guesses on what would be a minimum amount of cash needed to buy into any property that is worth while and near production, even if it were a very small percentage, i know it could very quite substantially depending on a lot of different factors. Just curious because if they were to continue doing offerings like the first one it would take them sometime to raise enough to invest in anything! just something else to ponder.
Condor, apparently snp was ready to go to phase 2 pending the supposed completion of their studies and the jda gave them the additional 6 months to get it together, this is what keeney has told us.
Balance, i would think in this instance it might refer to the private placement deal, but who knows. I'm still hoping your right, i'm really over all of this! I want to make some money.
Seek, i give, what the hell does any of this mean!
If the news had been good, i'm sure we wouldn't have.
Let's just hope that when the plan is really revealed, we shareholders are treated like family and included in the potential reward, if what mid says is true it concerns me a little that somehow, someway we might get shafted in the end.
If they plan on just sitting on it, no real specific plan, then why the hell would they do it right now and at this price with 20 mil in the coffers. Not making sense! it's probably for their xmas bonuses for the steller year we've had.
Not that it's worth much but has anyone contacted keeney yet to try and get a little more clarity on this.
Julius, so dan is saying the info on the snp website is incorrect and it should have said we found tons of biogenic gas and we are very proud of our accomplishments.
BB, Do you have any other sources for your oppinion on what you think is going to happen or are you basing it solely on your dot connecting. I do agree and hope it's the case but i'm truely not sure what's going to happen. I was just curious, thanks
Julius, did you ask keeney about this again, or did he just send this out of the blue as sort of a follow up from when you asked several weeks ago, I find it odd since he seemed like he wanted no part of checking with snp when you previously asked him. I agree it seems they don't want us to be to positive about anything.
Yes i thought it was you but wasn't sure, i emailed keeney about the end of the year comment bovell made about knowing about phase 2 and the imminent comment on the web site, as we all know sort of a contradiction, he didn't agree and gave some lame analogy, anyway he reviewed the notes that you reported to the board and pretty much agreed that what you wrote was pretty accurate including the part about the anaysis pretty much being done thus i assume knowing what is there. Now we are back to the same it's not done, we don't have any idea whether it's commercial or not, we don't know when it will be done. I told him part of the frustration here is the constant contradictions that we seem to be getting every time we do get a piece of info!
I thought david bovell said the analysis was basically done when he spoke at that conference, and keeney agreed in an email exchange i had with him shortly after that. Now their back to it's not done and they don't know what is there, anyone remember who it was that went to that conference.
Kobi, the extention for an answer to phase 2 was given til sep 14 actually, thats why a few people are a little distressed about bovell apparently mentioning the end of the year for an answer.
BB, i hope your right but based on the way everthing else has gone i just wouldn't be surprised if the end of the year comes and we're still waiting, kind of like peters famous we'll know in a matter of weeks comment! i enjoy your posts and the logic you put behind them and god i hope you right about all this. thanks