RE: Honestly It sounds like some of you may have foolishly expected CBM to acquire a billion dollars worth of properties for tens of millions of dollars. Who'd do that and why to CBM? It has always been about potential and probabilities. To go from there to reality is a long way to go. You gotta drill the dung out of the properties, measure and evaluate gas content, figure out the economics of getting it out and getting it to the ultimate consumer, etc, etc, in a foreign country where things move at snail's pace with limited resources and inherently expecting that the corporate structure has to keep changing to raise financing. That is the reality. It is a long journey and management can, besides best intentions, only control so much.
Now I get to read flipper's flapping and I need to ask myself, do I care about what a guy like him says when some investors put up a dozen million dollars not too long ago, had good discussions with management, did their due dilligence and likely even visited the properties? Am I going to be phased by a guy that expected to become a millionaire over night and would probably be escorted off the plane prior to even taking off to Indonesia for being a public nuissance? The guy is a stereotype of a 60s trucker and that makes him great for laughs.
Nobody's gonna just hand us $2 for 17 cent shares at this point. It takes proving up properties and as they say derisking them for others while managing dwindling finances. That's the life of a junior exploration company. Many have potential, few realize them. We are playing a game against the odds, but the payoff is pretty good if you hit.