TSXV:PEC.H - Post by User
Comment by
manybearon Dec 17, 2011 2:05pm
338 Views
Post# 19331931
coffin style P&D again Read this
coffin style P&D again Read this Read this and run:Coffin, you and your lap dog Iveyjizz and Mr.SPEC keep boasting about the cash.Please tell the board how the tiny amount of cash in the bank is going to benefit the shareholders and the share price since it's all that you talk about. Management has stated they will not drill until at least May 2012. This means they will run out of money without any further drilling. So far they have zero, SPC is dust, ALJ is dust. So come May 2012 they will have no money but plan to drill again with the small hope of finding something commercial. How are they going to do this? Even with a JV partner they will still be out of money and need further funds for day to day expenses and their portion of capex. Naturally they will have to raise funds between now and then at much lower prices. The company is in fact distressed, so they will conduct a distressed financing. This will be horrible for the share price. Youve been warned.If you cannot refute this with credible evidence instead of your usual ignorant SPAM then I once again confirm Coffin that you are a self interested pumper gone wild.