RE: Average down time ? LOL, guess I missed the memo outlining the game plan, I have been averaging down for the past year. Haven't got filled yet at .01 or .005 but plenty at .015.
Regarding a JV I suppose I would have to go along with one but I think Todd is really missing a big opportunity to get this funded via existing shareholders. I can just keep buying at these levels but this does nothing to help pay for the drilling program. Existing shareholders are sitting on the cash he needs to make this happen, not sure why he can't see this. Put your own shares up (Todd) and show us some recognition.
A 1 for 10 rollback followed with a 1:1 shareholder rights offering at .15 for one share plus a full warrant at .20 for two years would (assuming everyone exercises those rights) provide them with about $1.2 million and a much more attractive share structure, less then 30MM FD.
On second thought, I have been supporting AHC for years now, I'm not interested at all in sharing it. Make this happen internally with existing shareholders, it can be done, make it happen.
M