Interesting... but...I got the Meyers letter today in the mail... I have tracked a lot of these "to good to be true" stocks just for fun when "the letters" come in to the old mailbox... 90% of the time, the stock goes up a little tiny bit, with huge volume, and then sinks into the gutter... I would feel a whole lot better if the letter was never blasted out... Thats my first red flag... Second... I have not dug too deep into this, but... Either I am reading it wrong, or Peabody never tried to "buy out" the company... From what I can tell, they simply offered to pay for the drilling in exchange for the right to aquire any mineral reserves that their drilling proved up...Tiny companies at times will do these sorts of things to get exploration work done without having to finance it themselves. It doesn't mean that the whole company was being considered for a takeover... It just seems like the facts have all been "bent" to appear to other things... Classic of P&D's... Tell a little bit of truth with a whole lot of other stuff...
Listen gang... Please don't misunderstand me. I was intregued with this company, but the red flags scare me... I wish you all luck, but I am staying away myself....
Cussy, the Windsurfer:)