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EarnestDD

08/13/10 4:05 PM

#17095 RE: BobSinCA #17094

IMO it is Misleading to include mention of the flare gas technology in PRs when there is no definitive agreement between the company and Malcolm in place.

Bait and switch comes to mind.
jmo
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oilsleuth

08/16/10 10:43 PM

#17156 RE: BobSinCA #17094

In the Press Release of 9th July it was said Empire has first option on the North and South American rights to the flare gas technology. No details of the option were given and it doesn't seem to have been a formal option agreement (there's no no such thing as a "first option", you either have an option or you don't) but it is instead some unwritten understanding on the part of CEO Bendall.

There has been remarkably little detail given of what is supposedly an extremely valuable property. I am not saying I doubt it really exists (and so running the danger of having this post deleted) but just that I am within a hair's breadth of doing so.