RE: 16 cents
Clearly there have been issues. But the biggest by far is not Marc, IMO, but another guy that many of you know who spent this entire past year trashing Marc and thus his own investment.
This guy is essentially the worst guy I've met in my life, and those of you that know him would probably agree. He purports himself to be knowledgeable about markets, but has proven just the opposite. If a major shareholder (not so anymore, I'd bet) decides to viciously sabotage his own company at a time when the sector is out of favor, this is what happens.
So yeah, blame Marc 100% b/c it is convenient, even if to me he is only about 25% at fault. 25% is the horrible junior market, IMO, and 50% is this f---g a-hole and his f---ing a-hole wife. If he just kept his mouth shut and let Marc manage the company, no doubt they'd have financing by now, be actively drilling both properties, and have a stock price much higher than 0.16. But now he's lost millions from his own net worth and become a laughing stock to the company's management and the rest of the industry, again IMO.
But one thing the company does have is GREAT ASSETS, that I am 100% sure of. And thus, I'd still rate pretty highly the odds of getting some financing down here, be it an equity placement, a debt placement, or an asset monetization.
We'll see.