RE:RE:RE:RE:RE:RE:RE:SNV Forum
SMlachake wrote: From where I sit, I can only assume we have an extremely arrogant management that don't feel the need to update shareholders any more than to fulfill legal obligations. Probably reasoning that they are working for their benefit and deserve to be left alone, probably pinching the few pennies it costs to release an update. That is the optimistic me. As well, I think the eventuality for this company may be a sale, because that is the only way the insiders here can quickly unlock their alue quickly without crushing the fragile SP. They have never sold a penny, they stay long, I thus think they treat both the market and shareholders with some disdain. But that is just my thoughts.. I remain hopefull for news any time. It will be hard to justify skipping a milestone of either, reserve report or start of production. One of the other will mature soon enough. It was a good thing that this group was omitted from government action if the article is something to go by.. we can only be hopefully and patient.
Throw in a partner that wasnt willing to even meet about the project for years, we have a very unstable environment for shareholders with many variables causing our grief. I still maintain Migas has endorsed SNV's ownership in the PSC which has somehow pushed the parties to the table. The MOU was the first date before full on marriage so to speak. Hopefully that date goes well and the relationship can mature to a full on JOA. We'll know sometime in Q4 if this marriage is consumated. I remain hopeful.
Good luck to all and prayers to those in Florida.