032798....VOIG downfalls, touts.....
1) "Has Potse been wrong before? No offense to Potse. For he has a cool handle and i like his dd. But no one can totally know what the company has up it's sleeves. Heck, it wouldn't surprise me if CCKH(which I believe he owns, I own it also) did a r/s even with its small float. I am not saying these will do a r/s. But with both companies letting float control slip through their fingers(cckh to a lesser extent imo), it makes me feel the chances for one in the future has increased."
2) "I wonder if some of these touts have been wrong before? LOL! Some do not understand the downfalls of VO*IG that are evident from the filings. Some don't care. But things never change in this arena, do they? LOL!"
I can't speak for others, but I am well aware of the potential downfalls in VOIG. Just as I am aware of potential negatives in virtually every other shell I am invested in or have on watch lists.
Shell investing can be an incredibly exciting, frustrating, and humbling thing primarily because you never know for certain what might happen. Some people are comfortable with the inherent risk/reward present in shell situations. And some people probably shouldn't be delving into these types of plays.
Personally, I find this particular situation to be intriguing enough to take a good-sized position. IMO, I think there are reasons to believe that something of significance will be happening here sooner rather than later. I base that on......
1) Some of the items in the latest filing suggest to me that things are progressing closer to an acquisition.
2) I don't know to what extent Frank Jacobs is actively involved in any VOIG negotiations, but now that a reverse merger he was working on the Australia exchange was approved by shareholders yesterday I would assume he probably could turn more of his attention toward VOIG. Back in June 2009 (about a week before VOIG's new CEO was appointed), Frank's company Triangle Energy purchased an Indonesian gas field from ExxonMobil, and he reverse merged those assets into an Australian company.
