VIRGINIA HILLS OIL CORP VFGGF

RE:RE:Hmmm

[ofirme]

Here is the problem with what you said: lets assume you want to exercise the rights:
 you pay $0.25/share and invest $2 and have 9 shares. 
The others (aka former management and friends...) have 16 million options for 5 years:
 You pay now and take the time to see how it trades before paying. then you have warrants 
 for the bank syndicate. 
The bank is the one I do not understand. with 55 horizontal producing wells left to flood and
 four projects already submitted, they could have had someone come in and guarantee them
 those investments. most of current production is coming out of the waterflooded wells 
 anyway and for flooding to happen, you need atleast 18 month.
The bank should not need the people involved with the company today in order to sell the NOL's
 (almost the only money that is guaranteed to be invested in the company at current weird
  proposal...).
The other thing about the bank is that the company still will have a very expensive full staff.
Why would the bank be so generous? this is mostly their money at this point.