TNV, Welcome on board. I too have been in for way too long to sell now, and a few more weeks or months at this point is small compared to 2 years.
I was told back in April or so that all the special equipment and SS pipe needed to complete the well and pipeline connection had been ordered way back in February, so that it would not delay the completion (and that may be what part of the accounts payable bills are about). I suspect the problems in Washington DC have investors/bankers/etc sitting on their hands and cash right now, and may be part of the current problem. Also MNLU management may be playing one financier off of another trying to get the best deal and rates for us. I think MNLU is trying to not to sell the ranch on the funding deal, and I am content to wait longer if it gets us cheap financing.
I also suspect the SEC delays on the merger are also slowing paper work on the loans, or closing of the best deal.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
