We just talked with Benjamin and decided to share this with you. He is very pleased with the prospects of Black Dragon and they do intend to pursue this deal but they will not get in the middle of any kind of infighting. Before this can proceed this all has to stop now. He also made it clear that when they step in they intend to manage and run this company the way it should be to enhance the value of the company and in turn shareholder value.
They were approached by the funding group to initially look at Black Dragon and they were pleased with what they saw. So again we say, if you do not want to lose this deal there is not only Summit that is crucial to this but also the funding group.
He stated,the press release that was to be disseminated should be coming out finally and there shouls also be a further update.
He stated that they themselves had approved of the last press release and insist it should be out via the correct news wires at any time.
Basically what he stated, we have been trying to post here all along. Therefore we have to say that what some posters here are insisting on, is not in the best interests of the shareholders. The present board should be allowed to complete this deal as expediently as possible without any further "squabbling".
Summit can build Black Dragon into a successful oil producer worth many times what it presently is and obviously that means a very healthy share price for shareholders. That is what you want is it not? Then let it be and stop confusing the real issue which is of prime concern to all shareholders.
Again we reiterate if you do not want to lose what could be a very good deal then realize that the present board should be allowed to complete this deal now. When the deal is finalized neither one of the groups certain posters keep defending will be in control anyway. Any other attempt at this juncture could only have an undesirable effect.
In closing, we will repeat they do intend to complete this because of the huge potential they see with the company being managed in the best way and they know what needs to be done. We believe as Benjamin himself also shared, that Black Dragon is extemely undervalued and they intend to bring the real value to fuition. So let it be. Black Dragon should see a very fast climb in value now.
AI
