SOROSHello Everyone:
So you want us to believe that Soros whom just participated in a PP in July 2011, part of the $ 7.5 million deal, now sees no potential only 60 days later? That appears a pretty lame excuse and something a confused investor as yourself would do.
You then want me to believe that Soros does no due diligence, just gambles funds, and will sell at a loss as a penny speculator, throwing away his investment at 1/3 of the price, even though there has been no drilling.
YOU ARE 100% WRONG, your comments show that you have no experience in negotiations at all.
Soros forced management to cancel the bought deal of $ 15 million cause he wanted more of the pie. This must have frustrated management since a BOUGHT DEAL is a contract, meaning funds were in place. Management walked away to show loyalty to SOROS.
In return, management must have told Soros to reduce his holdings to minority status so that they could structure new deal going foward since, since it will reduce his influence. Only one captain per ship.
The excuse of funds needed for drilling is SIMPLY AN EXCUSE TO STALL while VST completes its drilling.
What better way to stall than to say that financing is being negotiated. Notice that VST had no trouble getting $ 9 million financing at 10 cents recently.
FINANCING AND DRILLING ARE A NON ISSUE. THE ISSUE AT THIS MOMENT IS THAT THIS MANAGEMENT LOVES CONTROL AND THEY ARE NOT WALKING AWAY FROM VST WITHOUT A FIGHT AND, THEY DON`T WANT TO DELEGATE DRILLING ON LFD TO ANYONE ELSE WHILE THEY WORK ON VST.
IT IS CONTROL CONTROL CONTROL, WHICH HAS MADE THEM SUCCESSFUL.
VST WILL BE COMPLETED WITHIN A FEW WEEKS, WHICH IS ABOUT THE SAME TIME THAT DRILLING BEGINS ON LFD.
JMHO