RE:RE:Greatwall Rig Secured. Here we GO!Canaken there is nothing misleading what-so-ever.
What if the stock started to trade up for a week because this news got "leaked" of the LOI (it happens, and doesn't take much $ to move a small cap like this) and Max held back because he doesn’t have exact drill dates and a signed contract? You would be very dissatisfied with management then.
Max needed to disseminate this kind of material news as soon as he can to be fair to all shareholders. Information.
What I think is you have missed an opportunity, as you have stated you have had purchase orders in at lower prices because you believed the NR was not coming and the stock was loosing steam, and you didn't get those fills ... so maybe a bit of sour grapes.
Max has done everything he has said he would do - a rare commodity in the oil management biz or in any biz for that matter.