Reconnaissance Energy (Africa) Ltd V.RECO

WE KNOW WHY ALLEN, VP IR AND BIG RECO S/HAREHOLDER LEFT -

[veryfishy]

Doug Allen is a true professional. He mysteriouslty "retired" a few weeks ago, Now we know why. The quite legal self dealing by Steinke was over the top for him. Trouble now is that the stain is out there for all to see. US  hedge funds will take this $C1.2  billion promotion to the wood shed. RECO is already down 15%   from its $10 high today, i bet succours like Teherean bot at the top, Get ready for a HALT in the stock.... HALT for a long time

[teheran10]

scum everywhere 

[teheran10]

Fishy.... you are probably sucking on your thumb now under your mother's skirt. You have lost a fking fortune or sold it at 2.50. I know scumbags like you from Toronto/Vancouver. I have lived there for many years and dealt with loser chancer brokers like you. You would sell your family for a fkng $1.

[veryfishy]

I have found that  people who use insults and the F word are very bad investors. They are driven my emotion and greed. There is no changing them because  using insulting  language and swear words are part of their damaged goods' DNA. So sad. 

[SprengoM]

This is where I agree with Mr. Fishy, we should be discussing the facts and possibilities and not take "sides" based on emotions towards this stock. Remember the stock doesn't love you. That being said, I've went through documentation on Sedar concerning ROE. ROE is not in good shape. It has high debt and is obliged to pay royaltee fees for it's Mexican Chiapas project

[veryfishy]

The math is Steinke buys RECO acraege for his personal holding company for $100,000 He then sold that acreage to ROE for $1,3 million -  $100,000  in cash +  ROE stock - 30 million shares at 4 cents per share. No indepen.dant value done because the transaction was His ownership of ROE  went from 3% to just below 12% Today ROE  says it is  valued for the RECO-ROE

[SprengoM]

The way you put it does seem very fishy (;)), but I don't think that you can call it manipulation considering he did not know what he was going to find at the time of the deal. Even if this was his plan all along, he took a big risk, which turned out very good for him. I would only start becoming worried if he sells off large portions (as in 50%+) of his Reco interest, because that would show

[Ebenizer3]

well the thing u are missing bout roe's debt is the fact that pemex/amlo/gov hasn't paid roe for the work they performed on amatitlin block when they drilled 17 wells for pemex. As for the kavango who's money paid for the initial purchase of lease along with the magnetic survey the work up by Jarvie and other geologists who made this prospect possible. I think that's Steinke and