Post by
renoit7 on Jul 10, 2012 2:27pm
Monumental Waste of Time
Just spoke with Dan Patience and it's not good when I have to explain to the person who is in charge of investor relations what is going on with the company. I was on the phone for about 45 minutes, over half of that was him reading through the financial statements for the first time trying to fact check what I was asking him. I never got one valid answer out of him about anything. He said that he's been talking to companies and that the potential buy out will put the company at 7 cents on the low end and as high as probably 10 cents, and he acknowledged that at 10 cents or below it wasn't really beneficially for Kehoe to sell the company. He's supposedly going to ask Kehoe what his motivation to sell this company would be considering the income he draws, and on why no one in management is currently purchasing any of the stock, and then he is going to get back to me with the answers, so I doubt I will ever hear from him again unless I call.
Comment by
renoit7 on Jul 10, 2012 2:32pm
Also, he said that our current production is at 300b/day and that Kehoe isn't the landlord and therefore doesn't receive $11,000/month rental income. I thought production was higher, and who orgininally posted about Kehoe making that rental income?
Comment by
cheapinski on Jul 10, 2012 11:24pm
thx renoit, I am very happy that my position is very small. I kept hoping for good things, waiting to add...now I'm hoping to get out even...good luck to me on that! Not bitter or anything, it is the Venture exchange after all. I swear i do better at Texas Hold'em...!!!! lol good luck all, cheapie