EXPM:MXMSF - Post by User
Comment by
SRT10on Aug 18, 2010 12:39pm
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Post# 17361509
RE: Art and Colin are in a pickel
RE: Art and Colin are in a pickelWith the bid @ .20 and weak it must be hard to sell this PP. With the history of letting the warrant expire worthless it is not much of an incentive to buy the PP. I still wonder if HI can accually bankrupt the company if there were to be a storm near the well . the last episode cost a great % of the interest in the well but what if the liabilities exceed the revenue by a long shot since we owe most of any profit to that $ 700,000 debt.
I understand why Tommer can't say where the $10 mil will come from from.
"The completion of the proposed purchase is subject to a number of conditions including,
negotiation and execution of a definitive agreement."
There really is no deal. It seems kinda like a Mr. Boffo strip I read a few years back where he comes home from work and yells "break out the champagne Johnny lent me enough money to buy the lottery ticket."
Good luck with the sell job . see ya sub .20 soon.