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Re: Millenium323 post# 41312

Wednesday, 03/12/2008 1:20:45 PM

Wednesday, March 12, 2008 1:20:45 PM

Post# of 76394
This gives credence to the theory that they were never in it to share production with the shareholders. They became a publically traded company so they could sell stock to raise capita. And then use that capital to purchase leases. With little or no attempt to hook-up wells on existing properties. So that they could later claim that they were broke and didnt have the money to drill or hook up their wells. Then they could run away with the assets that we paid for.

Remember the so-called fiasco whereby Jerry claimed to have lost out on a particular lucrative lease because of someone on this board contacting the landholder? I am beginning to think that if there was such a property, Jerry secured it for Leathernecks and provided that fake excuse for why RGNO didn't get it.

And the stormy weather played into their scam quite nicely, providing other ready-made excuses for delays and lack of production.

Cuppy