RE: RE: RE: Enlighten MeCurious - why were you on the Moneta board? And why were you there before I ever posted here? Slightly hypocritical, don't you think? I have been a silent short here since the 20's.......is the depth a cover? Who knows? Tee hee.
As far as theoretical gremlins - my assumption is based on the fact all the positives do not need to be derived and are not hidden - they are very transparent, and even when it was "news" it had little positive, sustained impact on the price. As for people not buying Venture stocks - have fun, cause you could be holding this for 5 years if you are waiting for that to happen.
People find these obscure pieces of shiit invested in risky jurisdictions and figure they have some sort of gem. Sure, a Nigerian publicily traded company is the operator - HOWEVER, that doesn't change the stigma of where the production is located. That is a permanent discount priced in. Further, any cash flow generated will be further plowed into risky jurisdictions - further perpetuating the cycle of risk and the discount.
However, I am still willing to organize an "investor's brigade" to get a closer look of the well you guys have a percentage interest in. I will supply the dingy, and nachochip will pay the airfare. I expect we probably won't return with everyone we left with, so some pre-written letters to family members and loved ones is advised. nachochip only needs to prepare one - for his spare pocket snatch, so he should be ready to leave by the weekend.