Replies to post #7283 on Addax Petroleum (fka AXC)

[oil-cowboy]

I think when all is said and done this will have been the biggest clue. Agree!
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You could give up YOUR paycheck and use that money to buy these dirt cheap shares!

No?

Didn't think so. Ntephe and Odobulu may or may not have taken reduced salaries... we don't know. But we do know that both of them, regardless of how p!ss poor their communication is, have bought large numbers of shares. They are doing what I just asked you to do, funneling a significant portion of their paycheck to buying shares.

It's easy to demand that someone else takes a major paycut. But boy howdy how the claws come out when someone suggests that you do that same!

I've lost track, was this a flip or a flop?

wink

[Julius Erving]

This looks like it is the "end game" play.

Funny, I'm beginning to think in this direction, too.

I think that if oil is found in 11A, the whole company will be sold, and if no oil is found they take it another round to Chad/EEZ on a less high paycheck.

This because I can't believe that they bought shares solely on the gamble of 11A solely. I think the backup options gave them the 'piece of mind'.

Remember what Strategy said, I agree, costs of ERHC can be extremely cut, to change it in some sort of sleeping entity, if they have to.

The Doc.