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john_new

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john_new

Re: fbiciaman post# 4354

Thursday, 07/12/2007 5:48:58 PM

Thursday, July 12, 2007 5:48:58 PM

Post# of 13422
CEO proposed a self serving reverse split of the common shares 1 to 25...but not his preferred shares which would give him control of the company if voted in on Aug 17th....battle lines are drawn...the oil and gas are there and reportedly they are delaying results of 3 new wells until after the vote....If succesful on the vote there will be pipe financing to bring in millions to drill but the terms are uncertain and some fear this is not in the best interest of the holders of common stock.
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