RE:RE:A Quick Glance @ lvl IIHmm Management has to lie in this case if it is getting bought or merger is in the works...so you have decide form yourself if the risk is worth it.....in all or most buyouts the stock gets the royal treatment from the acquirer.Management has to keep their mouth shut..... but `has to say something so you have to decide if its truth or BS.
JM has to tow the line in a case of a buyout....shareholders fend for themselves...the oil is there and JM`s not a crook ....sorry Mark no offence.
The Field is worth something and the monies invested to date will get worked into a deal as well.
If Management thinks we are the next Adddax after someones due diligence uncovered something More in 9.5 what would stop More from offering Most of the PP to a fund or company to fund 2 holes and the production platform.
Or just an outright .30 + and call it a day
Like I said many times now the PP not closing means to me another deal...maybe better for all shareholders is in the works or some get rich and some get screwed...but where everyone gets it in the end is definetley not an option...imo
Summer would be a good time to accumulate shares????
All I know is If and When.....I wouldn`t want to be chasing and wishing