and then Brown said, as tisdal and or others have noted, something about patience and 'just wait a little while.' A few months ago Brown said "this year'
As our mutual friend knows, these things were said in the context of many expecting the big well - so the comments could very well mean that perhaps this well2 isnt the big well but 'wait a little while'- even though His timing is not our timing,when timing indications are given,as in 'patience, just wait a little while'- if well 2 is commercial but not the big one but would fund well 3,that could be considered 'a little while' - 2or 3 yrs as ppl have mentioned
but if this well 2 is dry then from a human context it may very well be more than 'a little while' before well 3 could be financed-adding more years if at all
they seemingly would have to r/s if well 2 is dry if they dont want to further risk losing control to whales and drive pps to even worse lows which would also require raising Authorized Shares and thus become a true penny company-and again at the June 8 meeting there wasnt even a whisper of raising AS
not mentioning either raising AS or a r/s could logically mean they dont expect the present low pps fundraising regime to continue- which could logically mean they expect pps to take care of itself as a result of the results from testing- which i am guessing will allow this well to finance well 3
also "your time" referencing Mr Browns life was mentioned as given to him by Mr Brown. Since Mr Brown is already 80 or 81 and is already stretching, "70 years,eighty if you have the strength"
if this well is not commercial and thus could not fund the next well additional years might be added to the time line before well3 could be drilled-if it could be drilled at all -as some say ZNOG will be done if this well is not commercial-and those additional years
could take this out of Browns time.
and yet as we noted there wasnt even a whisper of r/s at the june 8 meeting
btw, has some new info arisen since our posts re form13 timing and whales- we know from form 13's ellis was part of those DSPP shares- what info has indicated another whale is buying 85% of current of the dspp? shares noted by last 10Q
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
