All the talk of a SPAC is ironic, if you know that that is the method that was used to create GulfSlope in 2013. Seitz and his team found a company that made novelty items (no lie), and had regularly filed all of its paperwork, so that it was on good terms with the SEC, but it had gone bankrupt. Seitz and company bought the husk, with its good paper trail, and created a new entity called GulfSlope Energy from the remains. It even had the element of using a merger, so the SPAC technique is nothing new. Savvy business people knew about it at least that far back. It’s just being used for deals now that are a lot bigger. Don’t know how having arisen from the SPAC process would affect Gulfslope’s ability to do it again. Presumably since they would be doing a new merger it would freshen things up and make it possible. One thing is for sure - Seitz won’t have any qualms about the process since he has already used it in the very beginning of his company.
I haven’t been associated with the company since shortly after Clint Moore’s untimely death, so I have no hint of any proprietary information any more. I know no more nor less than any of you about the current state of GulfSlope. I do know the history, however, and I know the prospects, because some of them are mine. Specifically Corvette, which I am dying to see drilled. I know this because I was one of the original 12 or so employees that helped get GulfSlope off the ground. I will have to set down the whole interesting story one of these days.
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