CHERRY PICKING vs ERNEST & YOUNG's 4/30/2014 REPORT READ ITResponse to Stockcalculator's post - YOur post was a CHERRY PICK of the FACTS AND REPORTS, based on your comments you sought to paint a desired picture, in your post, on Unaudtied Reports on EPL's largest share holder FNR.
IF you had READ the FILED 4/30/2014 Annual Filings for FNR you would find ERNEST & YOUNG's REPORT which provides a Special Comment , EMPHASIS of MATTER, on FNR's incurred losses since inception, Note 1 on FNR's 2013 Financial statement, that FNR (partial quote from EMPHASIS of MATTER) "has incurred losses $59,510,000, since inception, has continuing operating losses, and has uncertainity with regard the Corporation's ability to obtain future funding"
For the Full quote and REAL FACTS and AUDITED FINANCIALS refer to FNR's Filed 2013 Annual report with Ernest and Young's Report, filed on SEDAR ( Public) for 49 North.
If you choose, as you seem to do, to cherry pick, the reports you like or dislike then go ahead BUT, as an INVESTOR I PREFER the AUDITED REPORTS not UNAUDITED reports.
I prefer a large share holder to be strong.
All the above in my humble opinion and based on Filed AUDITED and PUBLISHED Reports on SEDAR and FINANCIAL MKTS.