GREY:CUDBF - Post by User
Comment by
GreatSwamion Sep 10, 2014 11:58am
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Post# 22923420
RE:RE:RE:GS - Sorry off topic
RE:RE:RE:GS - Sorry off topicNo actually thompsonlj - my last post was simply a reply directed at Poise? For sure I threw in the usual "for free" stuff at the end for the great unwashed out there - but my purpose here is simply to make sure that anyone with half a brian understands that the geological underpinnings of these properties is far more open to questioning than is being touted.
As for making money off the current pump and dump promotion that is an entirely separate issue best of luck however you wish to play the game. Just make sure that well before the time that the music stops here you have closed out most of your position. Do not worry about the future of the insiders here - they will make out like bandits no matter what shakes out. Do not even worry about the Koreans either - if they can buy in at 25 cents and convert warrants at 37.5 cents and sell the lot above 40 cents - they will keep their skin intact while this first tranch of the PP and drilling funds get spent.
Just bear in mind that in the long run - POP will own perhaps 35% in some producing watery oil wells that did not cost them anything to drill, they will have offloaded all abandoment liabilities here on any such wells, they will still have some of their lands 100% as residual holdings with a barely economic well already drilled on the tenderloin portion of each land package and there will be nearly 130 million POP shares outstanding fully diluted here when the music stops playing. But after that "Last Tango" in Milton, Manor and everywhere else - the music will stop and the Principals will move on - and who knows - they may even roll the die again somewhere else where they cam find someone to take the bait?
GS