OTCPK:ARNBF - Post by User
Comment by
mombasa1on Jan 27, 2014 5:01am
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Post# 22136379
RE:RE:RE:Who are the c suckers in charge
RE:RE:RE:Who are the c suckers in chargeIf the money raised from the DB's had delivered the production gains promised by Ed Gilmet & his cohorts, the stock would not have cratered. Their mistake is they made grossly wrong assumptions on HZ-MSF well performance and ignored the fact that actual well deliverability wasn't even coming close to make up for the ridiculously wrong decision to keep on their excessive spending spree.
So contrary to what some here believe, Arcan mgmt should rightfully be blamed 100% for the train-wreck they have created.
Deflecting the blame on the DB overhang as the cause of the SP collapse is revealing of the deceitful nature of those who proclaim it.