OTCPK:AETLF - Post by User
Post by
Lordoftheboardon Feb 03, 2011 7:45pm
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Post# 18072808
Good and bad
Good and bad
I agree with you TTSB and the real problem is that the President is a scientist, not a businessman. He means well, but has to sift through tons of advice that sways with the breezes of the market without having done this before. I worked at this company for a few years and was privy to higher level theories. Learning as you go along in a key position is not a good recipe for smart decisions. He earned his position, for all intents and purposes, by default.
The thought of using the promising grass-roots development of cash flow has obviously escaped the board and management. Instead, they want to issue flow-through shares at a low price (serving themselves?) and put downward pressure on the stock while they are drilling their two biggest wells in years. To say that it is ludicrous would be an understatement.
This is a classic example of a company that will will very likely do very well despite its executive and board management. Technically, it is right on. Executive level and board level, another story.
It is controlled out of Illinois and if double digit returns are not present, its days are numbered. The two key wells in North Dakota will write the script. If sold within six months, $1.25 will be the buy-out price of a $1.50+ issue, all as a result of not knowing how to manage.
IMHO & GLTAL