First Helium Inc V.HELI

Management had chance to right their wrongs and blew it

[uograd]

they put the 1.3 million into the company weeks ago with no press release, no update on their webstie just one line on their financials without explanation

they could have said yes we have flucked this company up from top to bottom so to appease the shareholders we have burnt we will take our stock at .20 or .25 to show  the long term  confidence we have in these plays

nope not a chance, let the stock drop and take their shares at .10 with a .20 cent warrant

the reason they paid .10 and did not almost no insider buying all the way down from .70 is because the stock is worth .10

nice salaries they got though and great investmet in investor relations at 150k or so a quarter

[Shaawn359]

Last news release was pretty clear - They have a scheduled drill into a proven oil reserve. They raised the capital. Now they will drill.  You don't know what they used that money for... or even if it was used yet... it's just one line and it wasn't included on the income statement. For all you know this was the intended purpose, since the drill is scheduled and probably

[skeena]

Maybe they do need "bashing " Shawn359. I don't think saying their only issue was wells watering out. if you look at them as a whole why isn't there a plant in place or one nearing completion now? Royal who had no oil income, heavily diluted shares, and in some people's eyes ( not mine ) poor management managed to accomplish getting capital,l( which I might add is supposed to