third quarter report will paint a deceiving pictureso on or about november 29 when the put the last quarter earnings out the press release will look postive but will mask many issues
the reason is the comparables versus this time last year when there was no revenue or earnings or production or whatever will look fanatastic.
however, they will be masking fallling like a rock oil production, a shortage of cash after the fiasco of drilling that well that they only cased but never tested, the failure to get approval on water disposal well(although that may eventually get resolved), the lack of funds to drill any other well without bringing in a partner and the continued reality that no one is buying that their 15-25 well is a cash cow of helium
if someone did believe that they would have been done long ago,
finally, they never did post what per cent of shareholders approved the reelection of the board of any of the items we voted on. normally that is a 90-95 per cent postive vote so maybe we will find out what the number really was