I just find it odd/ironic that this JV w Hce takes place than a rig deal follows. I would imagine some of the down payment came from selling some shares, than using that as down payment for a bridge loan to continue rig construction. The pictures posted on facebook could be legit of the rig(s) getting started but probably being sold for a fraction of whats being pr'd. In the next week or two I might take a trip over to see if I can meet with Hce in person. Wellc.
I'm not saying that this has happened here but sometimes a company will take a 50% down payment to build the merchandise before starting the project. Again, Im not saying that this is the case but a possiblity. King Zulu
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