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Altima Energy Inc V.ARH

Alternate Symbol(s):  ARSLF

Altima Energy Inc., formerly Altima Resources Ltd., is a Canada-based junior energy company. The Company is engaged in exploring and developing oil and natural gas assets in Western Canada. The Company focuses on acquiring undervalued oil and gas assets. It is focused on developing and exploring in regions, such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta. Its assets are located in both Central Alberta and Northwest Alberta and provides a balanced mix of light oil and sweet natural gas. The Central Alberta site focuses on light oil extraction and covers an area of approximately 5,920.5 acres. Its Northwest Alberta site focuses on sweet natural gas and covers an area of approximately 3,840 acres. It also owns an additional area of approximately 800 acres.


TSXV:ARH - Post by User

Bullboard Posts
Comment by kenbull1on Jun 12, 2011 12:26pm
230 Views
Post# 18704290

RE: RE: Add some insider’s action… buying!

RE: RE: Add some insider’s action… buying!jerry's thinly veiled jab at me from the Abyss of Conscience in which he is most certainly the Master of his army of imagination has impacted me with the weight of a falling autumn leaf.

It is unfortunate that the management of ARH has chosen to issue 80,000,000 million shares further diluting their shareholders already tenuous position. It was the decision of Devries and Switzer to address a $700,000 debt problem with a 50% dilution not mine, if it had been my decision I can tell you that I would have leveraged the shareholders that saved ARH from annihilation last June for the debt repayment and joint-ventured with those that could provide the capital required to get the gas out of the ground and the money in the till, however little or grand that return might have been it would have been the beginning of a sound rebuilding strategy. That was an approach they could have taken and they, not I, chose the alternate "Howe St hustle" plan.

Jerry, if you want to find hope on your 96,000 share $4700 insider buy life-raft in the face of an 80M share tsunami of .05 shares then I wish you good luck. If you want to view my discussion of this catastrophe as bashing keep flailing, these are the facts. No amount of natural gas inventory cut-and-pastes or half-cent pleadings will find you safe harbor. Your feeble inaccurate comments towards me are a simpleton's attempt to deflect the fact that you have been caught in this storm along with whomever else you were able to convince with your asinine posts on this board over the last couple of years. Your malicous character has earned you 40+ ignores instead of the pity due to someone about to face a reckoning beyond their control.

Kenbull

Bullboard Posts