Can anyone else justify/verify this from GEH's post:
With regulation 144 shares locked up to finance going full bore with both rigs on the Padgett and Hart leases; current shareholders will hold all marketable shares new buyers will be wanting as the company brings in multiple wells per month.
Will these shares actually be "locked up'? Can anyone clarify this for me?
As far as bringing in new investors, others have stated that there is nothing in this proposal that is preventing management from doing the same thing again and again after this split? What are new investors going to think about those 500M authorized shares just sitting out there? What are new investors going to think about how this whole situation is currently being handled? There are too many unanswered questions here!
It's great that some of you trust CB. You know him, you've spoken to him. Try to look at your investment from an outsider's perspective, though. We've had nothing from him except this highly-flawed RS proposal. The portrait you paint of a post split world is mildly comforting, but as with everything assumed over the past couple of years, what are the odds it will come to pass. That 'going into the black' has been just around the corner for some time.
Hawk, you've mentioned yourself that you prefer better terms. With all that has passed, or not passed for that matter, we must have better terms. There is no longer any trust here. You may have CB's ear on occasion, but no one else does. Things look pretty ugly from the outside.
Please someone who understands that paragraph above help me...!
AI
