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Post# of 19131
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InvestorVeritas

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InvestorVeritas

Re: 1oil guy post# 17067

Wednesday, 10/18/2017 1:16:27 AM

Wednesday, October 18, 2017 1:16:27 AM

Post# of 19131
I wonder how much money was wasted on other non-essential business activities? I'm sure the OSU bowl game extravaganza weekend was not a cheap weekend! CEGX had 8 million dollars for project investments and the fact that CEGX currently has ZERO working wells that actually pump oil for a profit is absolutely RIDICULOUS! You have to really TRY to screw that up!

It also makes you wonder since Tim was wasting lots of money on bowl games, how many hundreds and thousands of dollars of Tim's house upgrades are hidden in CEGX's 1.1 Million dollars of "General Administrative" expenses on their 2015 income statement?
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