Someone In the Past Raised That Management
should be replaced and if I am not mistaken that not only mentioned Geoff but also Laura. I am not usually in favor of things like this but the perso suggested it is a way to keep growing the company and for its natural course of evolution. This only made sense to me with one caveat and that was as long as it is beneficial and share wise favorable to everyone at retail. The danger of people who have served longer term as a management core is the possibly of seeing what people at retail will say is a low take over buy out offer be accepted. That if people recall was why I first got in touch with the company and ever since have not because at the end of the day Geoff was extremely since honest and candid. At the end of the day all it comes down to is who has controlling shares and their decisions. Now on the flip side if management stays and are otherwise sincere in continuing to grow the company for best value again it comes down to who has controlling shares no matter the intent so regardless whether one wants to jump at a low offer or hold out in both circumstances it doesn't matter. It is come to think of it odd for Laura to have resigned especially during the first testing phase I can more understand after it. We don't however know the circumstances and for any to really get at the truth without being really close and tight with Laura or those who are we will not likely know. Having said that if all the preliminary work is done and with all the careful thought and expertise involved I don't at all believe Laura would move on if that were not the case. I can't say whether this was a force resignation leaving it for Laura to do before being pushed out or a voluntary one it may be possibly an in between one who knows. Having said that the positive here is that good words were exchanged and Laura is making sure a suitable person to fill the position will be there. I don't see this particularly as negative but rather peculiar in what is going on however if I have to speculate maybe it is a way of eventually having a systematic board/management change as that poster suggested and as mentioned earlier on. I don't know. I sometimes begin to think is there actually someone who is a front runner who will eventually put people of their choosing in the position and is there a preliminary conditional deal already struck for all this to happen because this is a bit odd. In any case whatever the case is we will find out in due time but for now I suspect all the heavy work with the foundational expertise has been done and others in the company I think Michael or the other fellow forgot his name is most likely quite capable of overseeing things the person who said as soon as more milestones are reached we will let you know. I don't take this as a negative mostly because of the kind words exchanged if there were not I would know that was a massive forced resignation this one doesn't appear to be but still like I said it may have been a more diplomatic one with a possible transition to the group who will likely acquire the tech that is the feel I am getting BUT this is too early to say and highly speculative as there are several people who backed this company. Having said that why is Cenovus constantly being mostly named? Is this a Cenovus play going on here and will there be systematic changes as soon as testing and agreements move closer to finality? Something just gives me a vibe of an already existing hand over upon successful testing conditions I don't know why. As far as pricing if this is the case it may end in a low acquisition price. Geoff said to me that the company is looking to grow and it isn't only about the three backers but more so Alberta and I would imagine national and international. He said that he doesn't believe the company will sell the tech as an entirety but it can be sold as to the oil and gas sector specific to it with the corresponding software but the process will still be available to use for hydrogen biomass etc so that is what he felt at the time I asked about all this however he also said I don't have a crystal ball and anything is possible as to how things go as we talked about those with controlling shares what else could he say? My gut tells me there is a suitor who the company already has a preliminary deal with and I keep coming back to Cenovus. In any case I would not be concerned about all this but focus on the results more so than the departure(s). I have said I will hold what I have until my hands are forced I see success here BUT I also want to see my price I am holding out for although I have already said what I did.. .if buyout offer I vote anything less than $40 down whatever else I wait to see where things keep evolving to and if my hands are forced less than $40 a share I know it will be multiple dollars on successful results which I am saying will be there and why I increased my holdings and why I will not pull shares out. I am not concerned about the results and not about as I previously said departures I think we will probably see a few more as I am vibing on a suitor and I strongly feel it is most likely Cenovus. Just my gut nothing else. For now I don't think there is any cause for alarm regardless but I am taking a high roller stance so for those pulling monies I fully understand especially if you are 200 plus percent up I think it is really smart to do so. This thing succeeds as long as you left enough core shares to be happy with you got that covered as well as if this doesn't you looked after both up and down. I am tempted to do the same BUT I came in with what I called the all or nothing which a few people disagreed with me and it is relative. This succeeds the shares will explode this has problems the shares will drop heavy how far I had said .10 to.15 if not less so while not nothing and the company can keep going in other avenues it is relative to being nothing when these are trading around .70 right now so this is not an easy decision. I am slightly under 200 percent so the safe thing would be for me to take principle out but I would be selling of nearly the same amount if shares I added. I didn't add to sell off and I came in rolling the dice and will continue to do so. So far things are looking good and I know the company has a lot of stuff yet to figure out and the reason for the lengthy heat testing time. The extension is to double check all the initial response and I suspect this will extend out either way whether kinks are being ironed out or successful after the first testing as much as I would love to see only 6 months. I have a gut feeling this will extend out another 6 months so all the to are crossed is dotted and extrapolation to depth of wells and specific conditions are better calculated again just gut not trying to be negative as I would personally love it to be one and done first time running. I don't get that sense however with that I would expect a higher compensatory price. Let's see where things go just my two cents. Regardless I sit back enjoy the process because I see it being successful no point worrying about anything else or this being below a buck....grrrr. in the end it will be so much more anyways.