Question to Good40....Hello Everyone,
For those whom are unaware, good40, kurd30 and hhoc, plus a few other aliases all presumable work for the 4 underwriters whom did the recent financing for LFD. Good40 was the first to know that financing would be done at 25 cents, even though price was 46 cents, several months ago. It was a slip up. How could he know this?
Secondly, good40 has access to so much material information which surpasses what a general investor would have. This means that he has an institution feeding him the data.
The mandate of good40 is to lower the prices of stocks he represents so that his clients can load up cheaply during the period of inactivity. If a person wants to build say a 20 million share position, they could not buy it on the open market, the price would go insane. Instead they hire good40 who talks down the price. The bidders put an invisible bid of 20 million shares and, as sellers sell their positions get filled up on a daily basis.
To fill such a large positions may require months and months of quiet invisible buying, while good40 bashes.
There were three issues which concerned investors:
a) Financing the drilling: now has been solved
b) PSC contracts pending: Kurds were given oil law to review recently, prior to vote, so it appears almost done.
c) Confirmation of 5,000 barrels of oil per day
It is this third point which I wish to discuss with good40.
Good40: You have stated publicly on this message board that the colums are too shallow, that the oil found of 5,000 barrels of oil quickly decelarated in a short time to non-commerical amounts. Meaning it started at 5,000 barrels and, over the hours the amount logged dropped to 4,000, then 3,000 then, to none. You have publicly stated that historic drilling shows that oil is non-commercial.
You said that this is what you saw on their reports.
I have verified the reports of LFD and could not find this allegation that you are making.
Do you have a Link to this report which shows that the quantites dimished as logging continued on the historical drilling of 5,000 barrels per day of oil?
You said that LFD was deceiving people as they only presented the initial logging report and failed to show the ensuing report that showed a material drop in the logging of oil.
This is the sole issue remaining with LFD.
You have done investors a great service in warning them on financing. Your services are required one more time.
SHOWS US THAT LINK. Or, post a copy of that report so that we can all see.
If we are being deceived in a material fashion then I want to know as I will then weigh my legal options.
Remember you are making a serious accusation against the company for being dishonest and failing to advise shareholders. If you allegations are correct, then the authorities would need to get involved?
Eagerly awaiting your response.
If you don't respond then it means you know sh*it and are making things up. Question is: Why is the company not suing you over these allegations?
Just my honest Opinion, of course.