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Re: dredgemaster post# 77032

Wednesday, 04/03/2013 4:50:21 PM

Wednesday, April 03, 2013 4:50:21 PM

Post# of 101798
As usual Dredge, you are spot on. I do check in almost everyday to see what is being said and most of it is worthless, a few good posters are informative, but for the most part I'm stil sitting back and following my own strategy, which is working. I've no time to post. Who would I respond to? I'm always amazed at what everyone thought was going on. From day one I always likened SNEY to the little engine that could. One of my first PMs to you two years ago was my concern with the dredges, which to me looked like toys and not something a major exploration company would tout, and you just kind of nodded your head and let me draw my own conclusions. This has always been a financially strapped operation with its head in the clouds. As I also told people on this board, when I started in the oil and gas industry I had to start at the bottom, and the odds of my perservering were astronomical, but I did. I thought SNEY could do the same. The only difference in my underfunded operation and SNEY's as I perceive it is the Steve Parant factor. I did everything I could when I could to get the oil. I fought for money, I fought for deals, and I fought period. As much as I disliked interference from my investors, I was wise enough to talk to them and empathize and commiserate because after all I was using their money. He on the other hand at the best has been incompetent. When he talked to me, he delivered, but when I tried talking to him later, he ducked me. I started playing the peaks and valleys and now hold a minor position of around 20M shares. Unless this thing really crashes, I stand to lose less than $10,000, but my chances of making money keeps increasing as long as there is movement. I like coach am biding my time. I would like to see more insight and less whining, but be it as it may, among my invstors were cheerleaders and crybabies and each ended up just the same. We make money or we lose, but if it is done with honesty, integrity, due diligence and above all competence, there is a good chance of success. None of that seems to be apparent here, what with no regular communication from the company..... but what do you expect when dealing with a now subpenny stock that has plummeted reflecting its financial worth? To be treated like a major 500 company. Forget it. All of the legitimate prognosticators said do not invest in SNEY, its likelihood of failure is almost 100%. It still is, and some of us are still in, and those that got out like to come in and crow about their wisdom in getting out, and how foolish the remainder are for still being here. Don't worry about it! My financial investors that handle my real investments are laughing at me too, because as I posted a year or two ago, they advised me to invest. I chose to gamble. That is all this is. One last thing. I had a source in Sierra Leone that turned out to be untrustworthy to say the least. I learned some lessons there too when doing DD. Keep doing it.
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