Repost from Saturday 05/15/10 (2nd repost)
Spoke with Ares Ionidis at 11:46 this morning. I NEVER post and could care less what some of you may or may not say about me. For those adult enough to be polite this is for you. I spoke with Ares in detail about the BP field test, his response was that he felt confident that a contract was forthcoming and that the tests would probably run for at least a week, he stated that because BP is responsible for the clean-up there will be no government/regulatory hurdles. He also stated as a matter of fact that there was NO reverse split happening period end of story. He was very polite and responsive to my questions. He asked me what type of investor I was, and asked if I would be interested in information regarding their preferred shares. I was impressed that he was there to answer the phone on a Saturday. I am skeptical by nature, I have made some good plays and some bad. I would recommend that anyone with a concern or question just give them a call. I did and I feel better about my investment. That does not mean I will take their words to the bank, I will take a stance of wait and see. As always take what you can use from this post and trash the rest, because that is exactly what I would do.