What's with all the crap about those at the SHM having a distinct advantage over those not there? The meeting was held after hours on a Tuesday, the entire gist of the meeting was relayed via those in attendance on this board within minutes after the meeting adjourned at 7 pm CDT, and tamtam posted the presentation ERHC gave before the open of trading Wed morning so how did those in attendance benefit? Sure, we heard the info in person but it was all disseminated prior to the open of the next trading day.
I got home around midnight and if I put in a sell based on what I heard for .03 lower than the close on Tuesday would it have got filled Wed am? I don't think so. So where is the advantage? People bitch about the lawyers wrecking the country with all the nonstop lawsuits but everyone is the first in line to propose such lawsuits.
There were some questions at the SHM that showed some stockholders have no clue whatsoever in their investment and that comes thru clearly on this board at times. If everyone used a little reflection instead of bombastic rhetoric we would be so much better off.
Also, the comments about the meeting being so horrific and mgt trying to scare off stockholders is ridiculous. Yes, mgt said the first go around produced a lot of gas, but to a man they were exceedingly confident that further drilling will prove big assets.
They don't know just yet if it will all be gas or just how much oil but NOBODY in mgt was less than excited about what further drilling will prove. Many times they stressed the size of the blocks, the large number of targets, etc. and they were all positive we will proceed to further drilling. I don't consider that attitude a negative spin on their part.
On the negative side, though, there does seem to be a definite disconnect between info put out by other sources as to what has been found in the initial drilling and what we were told yesterday
as to what was found. Timing of giving the results makes one think it could have come out sooner; poses the question of why not put out a PR now re: results and state the six month extension would be for further analysis? Don't draw conclusions of the drillilng, just give out raw data. If SNP was keeping info quiet for EEZ bidding purposes, then they should put out the raw data ASAP as it is not the type of news that is going to raise the bids in the EEZ.
Mnay questions still abound, but the paranoid attitudes on the board get tiresome as to everyone and their brother in this investment being out to screw the stockholders.
AI
