re: cliff offer
John
I am sorry that you think I was posting falsehoods....but it was in the speculation mode...as I stated.
I was musing about what you posted with respect to Mr. Novack's comments to you
"...Mr. Novak indicated to me at PDCA, that he would only consider a deal for those 5 JV claims, which include Big Daddy and Extensions...."
I have no reason to doubt what you say.
If I am to interperet this comment, it would indicate , with approval of Spq board of directors, that Spq could sell
of their interest in the 6 JV Big Daddy claims, therefore the question begs itself to be answered as to what happens to the compensation.
Spq is alive and well...since this is a normal business transaction, if approved by the Board of SPQ, I don't see
where shareholder approval is necessary. If we don't like the deal, you vote a new slate of directors in at the annual meeting.
This was presented as "speculation" not fact