Dover Petroleum Corp (fka DVPC)

[idaho_spud]

Westeffer, the problem with DVPC is that there may be dilution of the company that investors simply are not seeing yet. It is great that the rich CEO is funding the company, BUT has he ever told anyone how he expects to get repaid all the money he is putting into this company? Is he just GIVING the money to the company and expects to make it all up by an increase in the share price of his current stock ownership? Is he loaning the money to the company (what are the repayment terms)? Getting preferred shares (what are the conversion terms)?

I have read a lot of the posts here, but nobody who talks with the CEO ever seems to bring this subject up. It is the big unanswered question here. Maybe the stock just LOOKS cheap because all the CEO money hasn't been factored into the share count yet, or the company is loaded down with huge debt that needs to be repaid to the CEO.