First Helium Inc V.HELI

third quarter report will paint a deceiving picture

[uograd]

so 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

[Wheels54]

The apparent oil production decline is concerning but we still don't know the true reason. Are the wells naturally declining by that much of a margin or is it a production flow decision while they work with the water well approval... hopefully it's the latter, but time will tell. They did use more cash then planned in the last 6 months but they still have cash on hand. The "