Oromin Explorations Ltd OLEPF

In case you guys haven't noticed we are only....

[tony1969]

a small sample of representation of ownership of this property.  Combined all of us posters probably own maybe 2% of the 43% that is pubic of the venture.  There are investors and instituions here that want their money now. Bendon and Badr want to see a return on their investment after 7 years.  They will not allow this dilution including the issuance of more shares and stock options along with high management salaries to continue.  

Chet will probably be the first one to admit that he could not have found all of this gold and built this venture by himself.  I am sure he will have a say when it comes down to the deal getting done but I can guarantee you that he will not be the only one with decisive power.  There are several parties involved here that have tens of millions of dollars on the line (much more with Bendon) and they want a resolution and a fair buyout price as much as we do. There are too many partners with different interests and view points for this to continue much further. Again JMHO.

[hoosier1]

tony: I hate to keep harping on this, but it is important in the scheme of things.  Bendon, Badr, an others have absolutely NO SAY in how many shares Oromin issues for its company. Oromin owns 43.5% of OJVG.  How Oromin divides this up among its sharholders - e.g. how many shares - is of no consequence to Bendon & Badr.  All it does is reduce OUR (the

[tony1969]

Yes hoosier but according to the agreement Bendon must continue equally funding further expenses which I believe they do not want to do. I understand it doesn't affect their stake but it is more money out of their pocket. Thanks pal.>

[hoosier1]

tony: my bad... your saying Bendon doesn't want OLE to offer a PP so that OLE won't have more money to spend on the project requiring them to match it.... got it...sorry, brain wasn't walking that path.. :) h1

[Goldfather]

H1 and tony.... (if) i followed your comments correctly re bendons payments equally, and Ole's poetntial PP....  i think bendon stopped paying a while ago, and they need/will   pay back Ole  at b/o via taking a lower %  than the 43.5%. ( jsut what i am told).... therefore according to that,,,, i think Ole could do a bigPP, and do all the Funding themselves, and make

[hoosier1]

"...........sorry im only an Oro-moron" TOO funny GF... I like it!!! h1

[hoosier1]

GF On a more serius note...if OLE & Bendon have agreed that Bendon is NOT going to continue operational funding in excange for OLE getting a greater B/O percentage...this  deinitely a material event. Why is it that OLE gets away with NOT disclosing material events? h1

[Goldfather]

H... glad u liked that... thats how i feel the last 4 yrs (out of 7)... but i guess they can get away w/ it b/c theyre a penny and canadien...  they get wway w/ alot,,,,   gonna change my aka of my aka to oro-moron... not great for creditability,,, but part of a 12 pt system of maybe self awareness..... lqtm (laughing quietly  to myself). .... but seriously,  still think