RE: AGMFound time at work to watch the webcast. Some very good questions raised, took the words right out of my mouth. I was very happy to see shareholders sticking up for themselves and expressing their opinions. Kerry laughed a few times to try and cool the place down, but clearly, it was no laughing matter. The one man who has 1.5million shares, I guess I don't feel so bad now....
I don't believe there was any intention to mislead when issuing the options and then the announcement to raise funds. It just looks really bad on them now. They over estimated their ability to find a jv partner and definitely put themselves in a pinch to raise the money in a very short period of time and of course a bad time as well.
I found it quite interesting too, now that the focus is on Jaguar (Georgetown) and not so much eagle anymore. Eagle was once the crown jewel of this company has been reduced to a stepout well that will test a few more zones. The only way it will ever be the crown again is if Jaguar is successful.
It makes sense that nobody wants to risk a JV on Eagle when Jaguar will be drilled shortly after. I can't say I ever thought of this myself, but thats what these guys are paid to know and apparently it was overlooked.
So now it's just a question of raising the money, and like some others have said, I think they will, especially with a warrant that they can exercise after at least one if not both wells are drilled.
And now we wait........