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spec machine

07/06/21 9:13 PM

#5134 RE: Tbags7 #5133

GSPE would be obligated to disclose a material event within a prescribed time limit (I believe it would be 4 business days) through filing an 8-K

So a partnership/financing agreement or drilling contract would be in that category

A “letter of intent” would not necessarily be covered by the regulation

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smith199

07/07/21 10:41 AM

#5136 RE: Tbags7 #5133

T,

Historically, Gulfslope has issued News Releases on Letter of Intents (including extensions on LOIs), Partnerships, Execution of Rig Contracts, Commencement of Drilling Programs, SPUD Dates, Operational Updates, etc.

Besides Mr. Seitz, Gulfslope’s management is heavily aligned with the GSPE investor.

Everything is rolling along and then “BAM” a Gulfslope News Release.






Mrs. Smith