Estrella International Energy Services Ltd. EENZD

RE: RE: RE: RE: RE: RE: RE: On the right track

[RBCHY7]

They won't go private.  I'm sure Southern Cross tried to take the whole company private already this year and were denied as management stock options were worthless at the time.  Instead, Southern Cross received a ton of stock options ($0.25) and equity ($0.15).  EEN is small enough that once turn around is complete (2 years?) they can sell the whole company to any number of larger drilling companies in the area (or who want to be in the area).  Once everybody (management and Southern Cross) is "in the money" and the company is on track...the "for sale" sign goes up - the whole company.  Southern Cross does not hold companies long-term...the buy and flip...look at their track record...you can count on it.   Which, at the end of the day, is what we're are all trying to do as well.  I'll sell when the smart money does (Southern Cross).