I believe my source to be more than trustworthy and I know that he has zero interest in MNLU/AEXP.
I'm not suggesting that you or anyone here believe me, but I wouldn't have posted it if I didn't believe it to be true. I have been truthful in all previous post on all boards concerning this or any other stock, I see no reason why you should start questioning me now.
I find it odd that MNLU's PR Representative anticipated such a question from you about lawsuits. Frankly, I do not trust him, and I do not care for your attitude regarding this matter. We have been digging up DD for months now good or bad. Why the attitude when I give you a heads-up on information from a source that I deem to be credible.
Here is how I feel about the new SEC rules regarding rumors:
Reply by jeff boler 1 day ago
The quotation below is from a post taken from page #40 of the gohaynesvilleshale.com discussion board.
Reply by James R Fenoli on January 19, 2011 at 2:54pm
"Talk to the tool pusher on the Rapid Rig in Tellus, Miss and he had a lot to say and none of it was good. He's been doing this for 20ty something yrs and MNLU hasn't payed alot of folks and lots of chloride was found along the way=salt water"
At the time of this post, I refused to believe Mr. Fenoli's words and wrote him off as someone attempting to short the stock after it had increased just prior to his post. Unfortunately, my dad heard recently that MNLU has failed to make any payments to the drilling contractor or drilling fluids provider. The source of this information is a family friend who runs the drilling fluids company who worked MNLU's Burkley Phillips #1 Well. The source stated that both Rapad Drilling and the Mud Provider have filled suit against MNLU for approximately $3MM and $1MM, respectfully. Furthermore, during the process of filling suit, they discovered that Schlumberger had already filled an existing suit for over $20MM. I cannot imagine why MNLU would owe so much to Schlumberger, but that is what I was told.
I have since learned they (Rapad Drilling and 3rd Party Mud Provider) are seeking to establish liens against future production, but I was unable to gain further insight regarding Schlumberger's claim.
Before you ask: No, I do not have any proof. MNLU's Public Representative claims that they have had no problems paying their bills and have taken out loans from wealthy individuals who are invested in the company in order to pay their bills.
This means one of three things:
1] Both my source and Mr. Fenoli (above) are not telling the truth.
2] MNLU's PR Guy is not telling the truth.
3] MNLU's PR Guy has not been told the truth.
My source is not a liar, and considering his role in these events he is not spreading information that came from another source, but rather he was directly involved in the decision to file suit against MNLU. This means the my source is either telling the truth or he totally fabricated all of this. He is NOT the kind of person who would do such a thing. He is an old country-boy from the woods and is a deacon in his church, and has relied on honesty and integrity to get him to where he is today.
Could these lawsuits/liens have any bearing on the stock's new listing?
This is not a rumor...
