Wednesday, May 02, 2012 8:28:05 AM
Apollo has now done our due dilligence for us. There's no way they would have gotten involved in this project unless they thought they would not only get their money back but also make a big profit on the Osage stock they are getting. Actually, to be more precise, they are getting penny warrants, not actual stock, and there is a subtle yet significant difference between those 2. The 6-month hold period for privately issued stock does not start until the consideration is paid for the stock. So that stock that Apollo is getting by virtue of receiving the penny warrants is not tradeable by them until 6 months after they fork over the penny per share exercise price of the warrants.
A recording of Osage's presentation at the Energy Prospectus luncheon in Houston tomorrow will be available to all a few hours after the presentation has taken place, at www.energyprospectus.com .
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