tryoty...I agree that our highest value would be realized AFTER we KNOW the oil is there and have a good idea as to the volume. On the other side of the coin.....there is still the possibility of dusters. Who knows what Offor's intententions are....the company has pretty much remained silent. That silence and seemingly disregard for our sp speaks loudly IMHO.
Twere this company in my hands (thank goodness for you all its not!) I would have utilized this time between awards to PSC's to build trust and forward plans of the company. What we've seen is a month too late PR on our new CEO and a shabby looking PR on PSC's being signed. I would most DEFINATELY PR'ed the $45.9 million dollars that hit our accounts since it was the first real income we've had since Emeka Offor took us over. I would have made some comment on the going concern clause to be negated in the next quarterly filing as well. That would build confidence, trust and keep shareholders advised that the risks of owning the stock had greatly declined. Instead, we (shareholder's) are left to assume that the money arrived because an earlier PR indicated it was suppose to reach us. Come on......any way you look at it, $45.9 million buckaroo's is a big thing for a penny stock. That's a big chunk of change and for some reason, our leadership didn't feel a need to cash in on it.
Sorry about the soapbox. As you can tell, I am invested because of the potential oil to be found....not because I like how management treats the shareholders :o)
Fear??? Isn't that the buy signal??? Somebody has cast that upon us and now its up to us to act on it???
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