Apparently issues 3 and 4 (stock issuance and uplisting) have enough votes to pass.
With regard to drilling - Canoe is interesting because it has a pretty good chance to find some oil. So if Gulfslope is interested in delaying moving to the deep well, they have a lot of options with a Canoe success. If we imagine a scenario where Canoe is a discovery which is being completed for production, or is being side-tracked into another target, and the stock has been uplisted, it could be very nice for the stock price. Gulfslope can crank up the publicity machine, saying they are now proven oil finders, and discretely put off the major expense of the deep well, and things could work out quite well. Have no idea if they have this in mind, but it’s what I would do if I wanted to raise capital. Interest in the stock at this point is minimal, which is the worst case for selling shares. They desperately need something of material significance that they can beat the drums over. Canoe might be just the ticket.
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