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Re: sahd3g post# 6287

Monday, 04/11/2011 9:12:55 PM

Monday, April 11, 2011 9:12:55 PM

Post# of 21090
I think that's spot on what's going on. Add to the fire that the drillship is not signed at this point (that has me a little nervous given there is no penalty in the LOI if Jasper walks), pushing back the 3-D clearly into June (last call was late May/early June) and no actual details on the new holders, stir that up with a lot of new shareholders who thought everything would be nothing but roses, and it's a perfect recipe to accumulate for those with the means to drive prices down.

Add to that the expectation that somehow today was going to be the release of some concrete news and the stage was set.