Replies to post #4958 on Mainland Resources, Inc.(fka MNLU)

[Ecomike]

I must agree, and note that buyouts include total control of the company after the cash passes hands. I have no doubt MNLU has had offers that were too little and asked for too much, like total or near total control. I see the wait as a bullish sign that MNLU officers are not willing to jump and take just any offer. I also think that part of the problem is any new money that comes at 12-15 mil, is worried about needing more money 6 months later to expand drilling and build a pipeline, and they want a deal lined up for that before taking the first deal, which makes negotiations very complex. On that basis I am still bottom fishing here for jumpers, LOL!