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Re: reharg post# 772

Tuesday, 06/17/2008 12:07:46 PM

Tuesday, June 17, 2008 12:07:46 PM

Post# of 2661
Apparently Bruce hadn't intended to sit on the BOD for Park Place for any length of time. It was a favour for a friend from what I understand and was meant to be short term.
Funding is a difficult thing. Being a start-up company doesn't afford for the best terms. I wouldn't want Bruce to settle for any financing deal that would give away the farm ~ so to speak. The oil and gas are sitting in the ground and it's not going anywhere, everything is ready to go & and oil prices aren't coming down so I guess we can afford to wait for favourable terms for the financing. The SP stinks but only if you're selling I guess. I don't think there's any shortage of places to get the $$ but I'm sure he would like to get the deal done so as not to cost an arm and a leg. This waiting will probably benefit us all in the long run IMO. I've waited this "long"..
Cheers,
Kim