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Re: MU_Redskin1 post# 104

Thursday, 08/23/2012 10:09:33 PM

Thursday, August 23, 2012 10:09:33 PM

Post# of 237
I didn't put it here. Sorry Red. That is dilution. It was the owners of Blake oil that had to fund something over and above what the producing well or wells were providing. I am not privy to what that is as Blake isn't public. But the owners got more shares VERY recently of Blake oil which diluted the percentage of GYSN's percentage. Same as with any stock. When more shares are put on the market, then the percentage of shares you own in the company decreases. That is what happened. Harvey didn't do anything wrong at all. The 5% was what he negotiated 2 years ago or so. Since then it went to 4.73, and now it is 3%. Harvey must have just learned that it was 3% ownership, because I talked to him yesterday(volume was way higher than average daily volume and I got excited) and was told 3.5%. Might mean that they(Blake) needed money to close the deal or pay for expenses. You know lawyers don't come cheap. I suppose Harvey put it(the PR) through Blake Oil and they corrected the information.