RE: RE: RE: RE: RE: Iaminvestor's point is very ob Hi dbeaud:
my comment of M&P and having control power was based on quick cal based on 29% for M&p, also Dawson I seem to rem owning about 34 mill shares that is over 8%.. and I did the rest of arthimetic wrong. I stand correct indeed all managment owns only 10%
But question is will M&p sell for less than 1, hotile or friendly, that is below what caroil went for, so beween managmen 10% and M&p there are about 160 million shares that are not changing hands., reducing the float to to about 240m.
Iagee with ur comment about SA area must be drilled and TID stands to benefits , but my fear is that this promise maybe shadowed by the heavy debt and i would have prefered slow growth with the initial debt of mre 80m and buying new rigs from cash flow. I still do believe that the agressive expasion was seeded on the comment TID made that they were overwhelmed by the demand of their services.
so do u think that TId will be able to pay debt and expand or will only be able to reduce debt and growth is stangant and no more increase in rigs?
totid