ur prob. right re: Wilmot/Barwicki. SOMETHING will happen IF the r/m goes thru.
shareholders are here mainly becos of the upside of oil in the fields.
Wilmot either being stupid, corrupt or BOTH; has done nothing but put the company in debt. basically living on loans, PR's, etc. for YEARS.
funny, Wilmot states he's taken no salary...
Barwicki i believe will be positive in his spin re: the r/m.
re: value of egoh/shareholders, it depends on how u look at it. i'm curious of his take. i think he'll talk down any value becos of the pending r/m and Wilmot's debt, liens, etc.
he's already basically mentioned this.
most of us are on the negative side re: the r/m. the pps WAS moving before that news, maybe on false pretenses. but once u/we see pps drop, u/we 'find' nothing but the bad news.
the only upside is a diminished/no role for Wilmot. (WHY would Barwicki want HIM involved?) and the oil's potential value.
"EGOH reserve worth $1.1B"...
guess it depends how wells are tapped. 173 wells will not come online at once, and the consensus is they need work. but even a new well cost $ upfront.
but if that's good info, there's some equity there.
but, right now the value is pretty much .0008 sh.
just sorta thinking out loud...
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