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Re: desert-heat post# 25841

Saturday, 12/22/2012 9:53:39 AM

Saturday, December 22, 2012 9:53:39 AM

Post# of 71458
i just wish mason had done a bunch of private placements with the faithful when he first took the helm. these funds could have been used to pay off the toxic debt holders. if that had happened, all those private placement shares would be unlocked by now, but we'd probably see no one unloading them, and we'd have very little, if any, toxic debt on the books.

on the bright side, we've seen mason add just around $42K in additional debt, since coming aboard. if anyone has the exact numbers, please post. i am just going from memory on that figure.

to avoid adding any more toxic debt, he sold the 2% override interest in mustang island's future wells.

connecting the dots, imo he's pretty convinced he will have larger funding sources "shortly". this is, and has always been, why i am here. this play is about the non-toxic loans.

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