Material Events
Just about impossible for there not to have been material event(s). So mcuh shareholder and market confusion due to no news/reasonable disclosure. Here are some of the possibilities of what needs to be disclosed:
- they drilled or
-they didn't drill or
-they are drilling right now or
-they have no intention to drill
-they closed the financing they announced with Rhino or
-they didn't close the financing with Rhino
-they extended the financing with Rhino or
- the Rhino deal failed or
-the Rhino deal turned into something else
-there are several offers being considered for financing and/or buy out or
-there is no one interested in PFC oil in the greatest oil market in history
-they drilled and the welll(s) are expected (by industry standards) to produce or
-they drilled and found no oil
-they licensed more wells or
-they are not interested in drilling any more wells