GREY:RGVNF - Post by User
Comment by
Monedas1on Mar 21, 2007 1:24pm
135 Views
Post# 12460362
RE: Spoke with Headquarters today
RE: Spoke with Headquarters todayNo quality information is available nor will be available until McCallan/Wolfgang have been issued their shares!!!!! Clearly, the shares have NOT been released. I believe all other reasons for the delay are simply the cover story. Regent's can't really tell us that the delay is occurring because the exchange does not like some of the complexity in the deal and wants conditions for the release of shares. As I have said numerous times in the past, until Wolfgang has his shares, the fat lady will NOT sing.
No CBM financing, no promotion, no nothing will occur until the group that brought the Polish Oil and Gas deal to Regents get the 3 million plus shares that are in escrow and the release of the additional 11.7 million shares or some prorated number based on the final additional percentage of McCallan's that is receive---6% or less. The exchange determines when and under what conditions this release will occur and not Regent's management and McCallan decides when the Aurelian announcement occures based on McCallan's instructions. Aurelian will not announce until Regent can announce the next day with the conditions of the deal.
These statements are what I believe to be true based on what has happened to date. Maybe the announcement is this week, next week or next month. Curtia an others are merely reporting that most connected with the deal believe that the share number and transfer mechanism are "close" to being approved by the exchange and the shares will be released soon? Once this defining event occurs--we are off to the races with everything that has been put on hold for the last 3-4 months but do your own DD.