Replies to post #1843 on Ignis Petroleum Group (IGPG)

[pennystocksnewb]

yes true,
but if we don't see that being mentioned in the 10QSB in a couple of days
expect this to touch ~0.001 to 0.002

[Ericus]

"...Distributions from Ignis Barnett Shale will be made first to Silver Point until Silver Point has received a return of its aggregate capital contributions and a specified return on such contributions. Thereafter, we can earn up to 50% of the cash distributions after Ignis Barnett Shale meets performance criteria specified in the LLC Agreement..."


Okay, that's true BUT...They will only earn 12,5% of the revenues. With that little amount they have to pay their own expenses AND try to buy out Silver point.....
I dont'see this happen.