Replies to post #6895 on Mainland Resources, Inc.(fka MNLU)

[Ecomike]

Not sure when that was. In 2008 MNLU was a smashing success, hit pay dirt, payed off all their debt and had 13 million left over. They forked up their next gamble bad, bet on $5 NG bottom, did not raise cash early like they should have, and lost it all when NG prices fell under $3, a 15 year low. Sad part is NG is back at $6 on a winter spike now 2 years latter after they went lights out.

This was one that was real, but they made fatal, bad market bets, like Lehmans brothers.... Then late in a game, a bad buy, Gordan Brent Peirce who was hiding in the shadows, was revealed and screwed everybody, trying to save his ownass. Even with out his scaming games, I doubt MNLU could have survived with all the debt and at the time, no hope of higher NG prices to bail them out.