Petro One Energy Corp CUDBF

What have I missed

[Hockeynut2]

I've only been gone a couple days, but I see that was long enough for stockeditor to go from pumper to basher and back to pumper again and then he accused someone else of being a pumper. Fun times around here. I hope the financial department of the Korean government makes a decision one way or another soon, so we can get on with discussing how much oil is in the ground. Bottom line is if the people holding the purse strings turn down KMDC, this thing is going to tank, and if they approve KMDC then it will POP. GLTA

[coalnow2]

the news release clearly states they are committed to it.  So much so they issues another million for good faith during this delay. but that being said.......until the money is in the bank anything can happen

[Hockeynut2]

Yea I see that. I do believe that KMDC is committed and have bargained in good faith. I also believe that they intend to live up to the deal they signed. I also believe that if they get turned down they may look elsewhere for the financing. The only part I have a hard time with is the financial department of the Korean government. The financial department denied KMDC on their first deal and now

[investderp]

Hockeynut2, where did you read the first deal fell apart by delay ??? 

[Hockeynut2]

Hi invested. The first deal that KMDC signed didn't fall apart because of delay. It fell apart because of the Korean Financial Department denying KMDC the funds to proceed with a deal that was already signed. The interview with the principal involved is posted somewhere on this BB. Or you can do what I did and google English language Korean business news Myanmar oil. And then it will probably

[Hockeynut2]

One tiny little post script to my previous posts. I said I don't have a problem with KMDC and I stand by that. I do believe they signed the deal in good faith. However, call me old and jaded, but I have a tough time believing that the guy in charge is only doing it for the good of the country and because he is patriotic. GLTA and isn't the venture a fun place to play?