You are saying they don't know how much they are buying or have bought? Say that out loud to yourself. Does it sound any crazier than it does on paper?
I'm sure there's more title work and paperwork to do. But two months? Why will they need production numbers to announce their ownership percentage?
Its time to get real here. They might only have 10 percent. They might gross 190 dollars a day? Are you still holding? Are you scooping up the cheapies still? Mabye its 30 percent. Maybe they get 400 a day net. Then they have to pay taxes. Then there are unforeseen bills. Then they have to save the proceeds to buy into the next risky well where they might lose everything.
Maybe they own 50 percent. But there's a billion shares outstanding ( as of months ago) . Are you still buying if they gross. 200k a year? What Does the CEO and board pay themselves for m "Managing" the company? Come on. This is a p and d. Plain and simple.
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