InvestorsHub Logo

chilar4567

09/14/11 3:55 PM

#4627 RE: crossroad #4623

Crossroad, when I talk to Mike it usually is without a list of questions and therefore some things don't get asked or answered.
I imagine TJ did not cover all the concerns you might have. Therefore, I respectfuly suggest you call Mike and then share the questions and answers. If you need his contact info, I will be happy to post it again.
GLTY.

TJ4

09/14/11 6:40 PM

#4630 RE: crossroad #4623

Didn't get into any break downs crossroads as far as previous debt owed. I just ask about the lease time lines and they are not concern about the leases. He said there was no way to predict a time line on fracking and/or completing the Well just that's it's still a priority and there still knocking on doors for more backing. There is some money coming in just not enough to get things moving. Banks are being very tight fisted with the uncertain future. They'll be banging on Mainland's door once the well is proven, their not concern about money after a successful completion.

Ecomike

09/14/11 7:22 PM

#4631 RE: crossroad #4623

Gerry mentioned in passing to me about 4 weeks that the creditors they owe money to have been great about working with them (no a D&B report would back that up), he said it in a meaningfull way, meaningfull tone, like they were willing to wait, are being patient, and are not going after the juggler so to speak. Frankly, they have lot to loose if they pushed them too hard, and a lot to gain by waiting for them to get their funding lined up, and the well completed.