Bridge Resources Corp V.BUK

Califdreaming...You sound like a real pri@K!

[Toasted2]

"Whiners" on the board?

You mentioned:
"That's why I wouldn't want to be locked in for months in exchange for a few percent discount.  If the news is good, that few percent makes little difference"

Exchange for a few percent?? If this thing hits, its gone, but significantly less than we could have because we now have another 50 million friends (shares) to share this windfall with...


The company just got diluted out another 30+%!!!!!!!! Financing for Durango was not required from this issue. I spoke with Management...They said they will be cashflowing $20 MILLION/MONTH from Durango!!! WHY ISSUE ANY MORE SHARES THAN YOU HAVE TO AT THIS TIME?? Small acquisition perhaps? Is it really worth diluting now when we are going to be trading significantly higher in November? Your rationale implies that you are significantly less savy and intelligent than you'd like to believe!

U.S. based investor? I wouldn't be surprised if you're one of the people affiliated with Bridge trying to defend a rather poor decision!? and all those warrants...do we really need to issue them? Is this comapny that bad that we have to sweeten the pot that much?? I don't think so!

T2

[Kel2]

You aren't really grasping the situation here are you!!  They had to raise money because they did not have enough funds to drill the Piper.  Have you heard of any partners yet on the Piper well?  No, you haven't.  That means that BUK at this point, is 100% of the play at the moment and had to provide Chevron with the entire deposit on the rig.Cash flow in Oct./Nov doesn

[Toasted2]

Kel2I can appreciate what you are trying to say, and understand the situation.I know that we've had some cost over runs at Durando, but we do not need $35 million! And yes, times can be tough for companies in the patch...but it's companies who lack cashflow! Compare the likes of Oilexco to companies like Antrim and Ithica. Cash is King! The scenario is night and day once cashflow is

[dirac]

Since you spoke to ed Davies, why don't you ask him ?

[Toasted2]

DiracI did ask Ed. That was the reason for my call to him in the first place.He too said he was very disappointed with the terms of the issue, but said that the money raised would mean they would not have to go back to the market.Hey, if institutions are being bullies, and we don't need the cash (or that much), and we feel like we are getting the short end of the stick...Why do the deal? It