OTCQB:PSHIF - Post by User
Post by
metzgfon Jul 26, 2005 3:50pm
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Post# 9323648
Finally clearing up
Finally clearing upThe picture is finally clearing up for me. Cotter made all of his decisions months ago. He decided to buy in for 10% in Texas. He decided to buy in for 20% or so in Michigan. He decided to buy in for a share in Alberta. And he decided to buy in to Kimbal. Since then, Cotter is no different than the rest of us. He, like us, is just waiting for the major partners to take action. He can only report on what they have done after they do it. I doubt if he knew they were going to stop drilling in Texas. I doubt if he knew they were not going to install the pipeline in Michigan. I doubt if he knew they were not going to drill in Alberta. When you hold less than 50% interest in a venture, you don't get to vote. I don't believe PSH holds a 51% interest in anything. If they did, we could blame Cotter and PSH. Let's face it. We bought a lottery ticket and until they hold the drawing there is nothing we can do but wait and hope for the best. Cotter may have a few more tickets than the rest of us but he can only wait and hope just like us. I just hope our number shows up when the drawing is actually held.