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Re: pro-trader post# 31600

Tuesday, 09/06/2011 11:49:12 AM

Tuesday, September 06, 2011 11:49:12 AM

Post# of 38410

the 700k was paid last year



I don't believe that the money was ever paid. The only way a payment would have happened is if the deal closed, but that never materialized. I believe that the 700k was needed to get the wells/pipeline to be fully operational. I do agree with you that they had an agreement that the shares would not be sold until an audit confirmed the true value of the wells.