From Tommy Hicks on another board: That is confusing. By receiving a letter of intent to purchase sounds to me like Arete is selling property. If I were an Arete shareholder (which I am not and never will be), I'd be more excited about having something to sell for $21,000,000. The chances of a pink sheet company that hasn't submitted a 10Q or a 10K since 2006 closing a deal to purchase $21,000,000 in oil properties is slim to none.
th
Boy is he missing out! HAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Yes Racer...42 gallons...all of us bagholders know that number :-)
Here is another number we know too: .007 cents that is.