I contacted Wells Fargo and recieved these responses from a gentleman who had the coutesy of answering my inquiry: This is this name :
Thomas M. Korsman
Vice President
Wells Fargo Bank | Corporate, Municipal & Escrow Services
625 Marquette Avenue | 16th Floor
1st reply: There are many issues being discussed in the bankruptcy process. You should discuss your questions/issues with your attorney, financial advisor or review the bankruptcy proceeding. Many of the documents filed are subject to change/negotiations and multiple interpretations.
My question was : Sir , are the common shareholders a beneficiary of any settlement as for as compensation for warrants for their shares
2nd reply: That is a question I do not know the answer to nor would I be able to give you my opinion
My question was : Thank you the reply . Please one additional question , in your opinion does the company need to pursue this course with the increase in the price of crude and neat gas? At $45 a bbl they claim they are profitable according to their statements . I'm just a little guy and don't really know who to go to for information or help . Thanks at least for listening , your a gentleman.
His replys indicate at least to me there would be a conflict between his representation of Wells Fargo and the information I was seeking IE since he is a Company VP it is privileged , not so much we are opposed but something he is not allowed to reveal yet he did reply and reather quickly so I thought that was at least gentlemanlly on his part.
