RE:RE:In fact the word "pledged"TheLandedEagles wrote: So you agree its have been stated , the wording "PLEDGED" 4 times...under that document and this is in fact a SECURED DEBENTURE and holders given a priority charge on the PDP reserves (Proved, Developed, and Producing)...where exacting do think those reserves exist...the "SASB" block...so, your point is What...because SASB, was not mentioned specifically....priority pledge is on the reserves themselves...and limited to that 40%...mentioned ..so on...and so on...SO WHAT EXACTLY is the ly.....
The lie is that they can't raise any money because of that pledge. They can. As long as the test of debt to reserve valuation is passed. And you either know this or you're just firing out the pie hole whatever suits your story. Pick one. Incompetent that doesn't understand that he's lying? Or worse, someone who knows exactly what lie is being told and why.