GREY:RGVNF - Post by User
Comment by
stocktalk2on Dec 18, 2009 2:12pm
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Post# 16601891
RE: RE: Property agreement filed....so what
RE: RE: Property agreement filed....so whatTo my fellow shareholders....I understand why many of you are upset, and your concerns. I agree that most of the concerns I have read are legitimate. However, the litigious tone on this board is not going to change the facts, or the outcome of the recent events in REV, and pursuing a legal solution will only further deteriorate our share price.
I think there are reasonable options that shareholders can pursue that can enhance, rather than destroy what is left.
I have been asked my opinion about the Louisiana deal. Unfortunately, there in not enough information for me or anyone else to offer an opinion on at this point. The obvious questions are, how much does it cost to drill 3 wells? And, where is REV going to get the money IF Wolfgang, as some of the posters here have stated, does not intend to pay REV the $3 million WE are owed. Mind you, I have stated all along my doubts about Wolfgang ever paying REV the money.
Above and beyond my questions about the cost and funds to drill these wells is the fact that REV apart from a director who is not a part of management, does not have any experience in the oil and gas industry.