RE:RE:BLACK GOLD Just admit
You wish YOU were Art! You sniveling Satyr to his heroic Hyperion
Ah
envy, the Green-eyed monster. TheLandedEagles wrote: Amazing...how your all coming to the REALITY!!!!...of facts and the truth. CEO, has ended up eventually FAILING..this will be dead money for quite a while. This SASB field ...had failed in the past , and for good reasons as we know today..and it appears has failed again...Markets were telling us that for the past 9 months or so....We just refused to accept and listen...they knew!!!....thats why they couldn't lift the share price any higher..Markets didn't believe the presented story on SASB and the CEO...they knew, the offshore wells were very very expensive and they were limited in consistent production...as we now learn...only 3 producing wells from 6 orginally drilled..and only $2mm/mth in revenues so far...from focasted revenues of $6mm +..and suspect revenues to get even go lower in coming months...based on difficulty with pressures and water build-ups in lines...restricting gas flows to processing plant..NOW WE KNOW WHY ...THIS FIELD HAD NOT BEEN further developed and had been placed in a dominant state for years...until early last year and before that...with high gas prices...hitting $30+mcf....now we see only $11mcf and only declining....While our CEO, had convincingly told us all , time after time.."I was very happy to get $9mcf"....REALLY...not so much today right..ART...Try and spin that again to us...dont think you will even dare do that...NOW, shareholders all have to sit...and wait...while CEO...sits back and collects his $500k salary a year and has plenty of cash to sustain his position and job for at least another 5 years or so....thats the reality of these penny, penny stocks....CEO is as motivated in making money like the rest of us...JUST... he doesn't use his own money...now shareholders are left holding the bag...while share price only continues to declines....He now presently is, along with management selling daily their massive share holdings and continues to collect an outrageous salary ....So one has to ask themselves...has CEO, delivered on shareholder valve and price appreciation on their investment....only you can answer that...I've seen it far to many times, and only makes me sick to listen to these individuals (CEO)s as they pursue their own personal agenda's...finally we now see people acknowledging...its a long wait to next year, for any possible significant news...CEO...should be held accountable...and your voices heard...Not bashing...just a concerned individual to bring awareness to all, with regards to these penny stock...As i have been there far to many times..good luck...