I'm a very small player here but I'll place my 2 cent bet on SE's analysis.
Granted, the shares sold through VERT are a mystery and it would be nice to know what is going on there.
Having said that, I believe Eagle is right with his opinion that the new A/S shares will not be retailed out at a penny or less to raise cash now, but rather will be part of one or more JV deals, with the recipients of those shares holding on to them for sale to the market at much, much higher prices...once the oil is flowing in significant amounts.
As much as the lack of corporate communication may annoy some, including myself, this deal is not about Dan Lloyd catering to a bunch of IHUBBERs, it's about cutting profitable deals to get a whole lot of oil out of the ground and we are on the sidelines with regard to that. Is this real or not? I think it is, but I'm not betting the entire farm on that opinion.
