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Post# of 18778
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Julius Erving

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Julius Erving

Re: seek the light post# 11327

Saturday, 01/07/2017 7:41:48 AM

Saturday, January 07, 2017 7:41:48 AM

Post# of 18778
Seek,

Market Cap staying around $150,000 which is less than than the cost of two BOP and much less than the cost of a good used D9 Cat as a couple of examples of relative value. Another way to look at is Management has sold 95% of the company for about $150,000 cash. Why is the question? was it to accomplish the transfer of majority to unknown buyers for a pittance?



Keep in mind that CEPSA paid tens of millions for drilling and that results were more than sufficient to justify further drilling...

CEPSA will continue... they are being handed over substantial additional percentages of the future profit... for the price of a cup of coffee.

Can you believe it...?
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