RE: RE: RE: RE: Hum......Deal is getting closer!!!Time is running out.
Any suggestions that longford is in driver's seat are ludicrous.
There is now about 6 months remaining to drill 2 wells. The company is broke. The company interest is burdened by a ridiculous 40% royalty which will deter most serious oil companies. Management is inexperienced and perhaps incapable of negotiating a deal which might salvage some value to minority shareholders. At this stage they are more likely concerned with issuing new stock option agreements or guarenteeing payout of employment contracts?
Classic example of a snafu. Unfortunately at current sp, most are stuck with staying in to see this fiasco to bitter end, and it will be bitter for all except inept management.