GREY:RGVNF - Post by User
Comment by
Monedas1on Jul 14, 2006 12:34am
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Post# 11114362
RE: Monedas. . . Stocktalk2
RE: Monedas. . . Stocktalk2Stocktalk,
After reading your posts again, I think that maybe your Buda nature is just negative. That glass is always half empty. Don’t mistake my post as a personal criticism but please wipe that mud you mentioned off your glasses so you can read. The following are facts that you must either accept and then buy or hold (or) reject and then sell because NO MORE PROOF will be forthcoming.
1.The Vancouver Exchange has reviewed each of the Regent’s-McCallan deals, exhaustively, as they did not involve a mining property. The review was even more extensive over the second 22.5% ownership agreement. This is not a fleecing of shareholders like ASD did to us last year. Given the longstanding personal relationships between all the parties involved, the “deal is real.”
2.The March 29, 2005 news release was clear, Regents would have a 22.5% interest in McCallan and since McCallan had a 51% interest in two oil and natural gas concessions, then Regents by virtue of their 22.5% interest in McCallan, would then have a 22.5% interest in McCallan’s 51% interest of the concessions or an 11.5% interest in the concessions. How does anybody NOT understand that Regents has an 11.5% interest in the oil and gas concessions as you imply?
3.Finally, McCallan and Regents in another “formal news release” on June 27th, 2006 that was reviewed, delayed and finally approved by the exchange and subject to attorney review with a back and forth with the exchange, gave Regents another 22.5% of McCallan and therefore another 22.5% of McCallan’s 51% interest in the two concessions. So, now, Regents has 45% interest in McCallan and therefore 45% interest in McCallan’s 51% that translates into a 23% interest in the two concession’s royalties. How is this deal with McCallan that translates into royalties for Regents on the oil and gas concessions not clear? What proof of the deal is Regents now supposed to provide?
Granted Regent’s management must do a much, better job communicating but this is NOT a simple private, placement, as you seem to want to believe.
Enough said. Hope you stay but please don't EXAGERATE the size of the shears.