Replies to post #1809 on Mainland Resources, Inc.(fka MNLU)

[Brian D nj]

I'm just hoping Nick's health is good
this new guy is not so new he's been responsible and doing alot for a long time

[ThSeeker]

There is alway those possibilities. And some will go there in their assumptions or at least try to use that to lower the price. But there may also simply be some personal reason Nick stepped down. Maybe it looks like it will be a much bigger job more than he wants to take on. So glass half full view could indicate a positive. Large project.... Nick not wanting to devote that large a commitment...
We will see.

[Ecomike]

I wonder if he was brought on board as a temp while drilling this well, due to his special experience at drilling the deepest wells ever drilled, and has now moved on? And now we are back the original guy with all the land management and contract experience running the show? Non of which is an issue, except that some will speculate that it might be negative for a while being the news is fresh.

And let's do not forget that the AEXP CEO, who was bbehind this find early on bought about 250,000 shares at Market 2 weeks ago, and still holds AEXP shares he paid .27/share for last year.

.27 x 4 = $1.08/share for MNLU 4:1 share swap

May just be too many bright CEO people for the top dog spot once the merger is complete for the third to stay on. The PR did say is staying on a tech consultant!!!

I think they brought him on board to make sure the well drilling for such an historic well was managed by the best. The two CEOs we kept are the top in their field, geology (new finds) and land oil/gas contracts, which means they may be buying more leases and working on partnership deals now. Also the well drilling is done, for now, so that may be why he moved on. No mystery, and the stock price is responding favorably.