Replies to post #13466 on Eldorado Exploration Inc (fka EDEP)

[lowman]

Virtually every O&G company has the same dilemma: If they 'tip their hand" to the investors, they do it also, to those looking over the fence. The ones looking over the fence are the ones that want ATLEAST a piece of the action, if not all of it. They can range from being the actual landowners, to the adjacent landowners, to the other competing small O&G companies, to the mammoths. In a case where the mammoths are watching, a few million bucks in a team of lawyers isn't anything, but in their skills, know that lawsuits are FAR more expensive than the little guys can afford, which ends up with the little guys being 'lawsuited' to death, outta their lil' ol' black gold mines!


Do NOT doubt it has not happened!


This is why there comes a time when we investors have to ride a little on blind faith. Generally, in the pinkies, blind faith is comparable to suicide though, so the 'trust' must be very founded.

In EDEX case, we must ask ourselves: Is Tom an angel (lol I don't think so). Then, has Tom been proved to be a crook at all, in his past? So far, no one has convinced me.

In large part, Tom's methods of how he got us this far are irrelevant. Beg, borrow, or steal does not really matter. EDEX is turning a corner, and a new horizon is in view. Keeping in mind some things must remain from the general public, the rest should hold up to intense scrutiny. Only when things go unchecked, do we run a risk of our investments being abused.

Going forward from here, it will only do well if we keep Tom aware than in our sacrifice of certain things, we expect other things to become 'squeaky clean'.

So that Tom knows I have not totally let him off the hook because he is only allowed 1% selling p/3 mo, I will make this next concern of mine known: as good as the 1% limitation comforts us shareholders, fact remains; 44.44 of EDEX does not, nor ever will, belong to EDEX shareholders, the ones who made EDEX possible, from the beginning. That same 44.44% (or whatever percent remains after selling) will be left to beneficiaries of TL, and TL beneficiaries only.

IMVHO, revision of that provision (preferred shares) still needs addressing, in a manor more favorable to EDEX shareholders.