RE: No Drilling This YearThis is the same guy who no longer than a week ago was calling a bottom and stating that he was re-entering LFD. This is the same guy who about 6 months ago was putting a target of $1 and that he was buying millions of shares. EOIM you are as much of a joke as your buddies Maysteeler and Taxdemicco.
As shareholders, we don't really know what has happened with this company as they have not disclosed anything and have not updated their shareholders since June. What we do know now is that their sister company failed miserably on their well and these guys are left scrambling with no money to get drilling started on this land.
Since they have no money to do anything, any dilution at these levels in this market will absolutely cripple current shareholders. However, they don't really have many other options to proceed with drilling and none of the so called billionaires running the company will put a single cent of their own money into it. They will have no problems being paid hefty sums of money doing nothing.