InvestorsHub Logo
icon url

Ferick

12/03/12 1:22 PM

#35539 RE: rkiefhaber #35538

Just a speculation, here; at a share price of 1/2ç, it would tally to $225,000. From what I was told by Mr. Taylor, in our last conversation, there's approximately $800,000 worth of debt with TCA Global that the company (that would be us) that management must pay which if paid off by next June, comes to $100,000/ month plus interest (no idea what that amounts to) and just off the top of my pea brain, management will not be disclosing that amount. It could be good for maybe 1 1/2 or 2 payments. The checks they receive from Shell Trading for the oil stock that's picked up at Wibaux Michels facility is just enough to cover transportation of the brine water from Gillette and payment on the land lease. It's clear to me there is intentional, non disclosed (save for being questioned) dilution. After all, 500,000,000 authorized shares provides a serious incentive to increase the outstanding tally. I'm sure management will be anxious to voluntarily provide an explanation for this in the interest of transparency to share holders. As I re-read the GRNO and CCP web sites with the openness and sincerity depicted in the company profile, the mission statement, the strategy, the management profiles with their experience and qualifications and their policy statement, I'm thinking that's just the way they roll.