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Sunday, March 28, 2010 8:35:23 AM
You stated "I can not understand why the shareholders are now thinking about the future before the present is revealed. We waited years to get the drilling started, no sooner we start drilling some are thinking about selling before results. This does not make much sense to me. Why are some in such a rush to get rid of their shares before results, very perplexing."
This very board is the reason. People get caught up in the unsubstantiated rumors of big buyouts and huge amounts of oil that, as yet, have no basis in fact.
The board is biased towards this view. All of Mark's posts have been sticky notes and no one else has been able to even reach his sources.
The dilemma is this: This is a very good board for finding news about the company and the region without having to put forth quite an effort. I appreciate this since I also work 70 hours per week. The trick is sifting through it without getting caught up in instant gratification rumors and DOT connecting. These things are what cause the impatience IMO.
$3.67 buyout (board rumor) versus PN quoted as defending the drilling from what the papers say are marginal results. This creates impatience.
I have my patience back and several people on ignore to try to maintain it.
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