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Re: alexbh2285 post# 24054

Friday, 08/04/2017 11:34:17 AM

Friday, August 04, 2017 11:34:17 AM

Post# of 25284
alexbh2285, I am re-posting an earlier post of yours so I can change my stickie to this more recent post:

If Alex Walsh believed in his own idea why wouldn't he just hire ONE OTHER EMPLOYEE other than himself (It is currently Alex and his admin/investor relations contact Shannon Chilson) to manage the progression of the commercially ready oil unit rather than put it "on-hold" and start testing the water unit (as he explains in the 7/19/2017 PR). This is one of many things that make no sense. Why would they spend $700,000 on oil royalties, an area in which they have no expertise (their only other experience investing in oil E&P is stuck in a lawsuit to get their money back or force their partner to drill) if their core business is so promising? Think about it - he is saying "this oil unit is finally commercially ready but we are going to pause working on it to test the water unit rather than to have me focus on this or hire another employee to focus on it" Also, why doesn't he spend $140K and buy 10% of the equity? His last filing on 10/13/2016 showed him owning 2095 shares.
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