Refreshing to see a substantive post with intelligent observations and good questions, than one filled with bitterness and despair which adds little to anyone's due diligence. I hear one can still invest or speculate in GM if one is so inclined. Added a couple times yesterday and quite happy to sit and see how it plays out. Have a good weekend to all!
You are overestimating the cash burn a lot. If Tgc decides not to drill in 444 for the next two years then Southern Hydro will exercise its security interest and walk away with half of Henc's interest. Southern is wholly owned by Holloman Corp.
There certainly is no rush to drill another well now. I think it's very funny that the usual pumpers now clamour for drilling immediately another 3 or even 5 wells. Both Tgc and Pville certainly have the money to do just that. Anybody knows where Henc would get its 49% share of the costs from?
And in response to Chauncy, we are indeed filing a complaint with the SEC and with the Canadian Regulators regarding alleged insider trading.
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