I hear the sounds of steel drums and a Fat Lady singing being carried on warm ocean breezes.
All the indicators are turning in our favor. Freddie and Friends are now beginning to wake up and smell the coffee as the JDA, JMC, Obasanjo and others begin the final press to induce the President of STP and others to sign the documents.
Arrangements have been made to wire $49,2 million dollars to STP as soon as they sign. With this strike looming and discontent running high a perfect issue to warrant the signing of the documents and transfer of capital with the promise of more $$$$ to come.
In the end it wasn't Freddie who made the pact, it was Miguel Trovoada who studied law and was previously elected President of Sao Tome. In a New Yorker magazine article Trovoada is quoted regarding the oil contracts and agreements with Nigeria "everything that was done was done within the law," ... "Others might have done things in a different way. But I acted in good faith." In my mind this along with May 30th PR citing the JDA and JMC's statements that everything was done above board and their wishes to get this concluded means there is no legal recourse for STP.
The spotlight is getting brighter and hotter as the final days go by, Freddie and the boys are beginning to sweat. Sign the papers Freddie you've done the best you could to string out the process. Get out of the light and cool off, the end is near. Look on the bright side and start planning for better days ahead for your people.
I can't see how any investor would want to sell at this point. Although if they do, I will be there to pick up some cheap shares on Tuesday. Best of luck all I hope this breaks this week.
On this Memorial Day....
God bless those who have sacrificed their lives so I may be free and enjoy the life that my family and I do and God Bless the United States of America.
