No, my friend, you are shortsighted. I said, if it turns, you better be ready to get in, not before. I said, we are now in the ditch, so we are already there.
I am not an oil guy, but what he said to me was, you must file something for the records, when you have to. Why pay for the 3D survey, if everthing is so called public? Because it's not. Even with the 3D information, it's only qualified by the drilling.
Someone posted recently about the big 2nd tier O & G companies who were drilling big wells near by. I would take this as logical support for the area.
I am not recommending this until they come clean with what I think they have. All I have done recently is to connect the dots.
As I have said many, many times, the RS pre and post lag, has played significantly into what we know and when.
The note is the note. I would hope the plan is to pay it off in the future with cheaper stock, i.e., get the price up from the ditch. That's normal business.
This guy has a repution, which is not all bad, as you might want people to think. What is being presented is, what CB wants us to see and believe. When he owned only 2.5% of the company, he came dangerously close to pulling the biggest blunder of all times, if the RS didn't pass. His ownership went from 2.5 % to 35%. Now tell me that is not any important issue? I will tell you that is the issue.
