Well put,
I too have noticed the change of tune on other boards most recently the tight hole issue.
at htis point there is no excuse for lack of disclosure other than nothing positive to disclose
I will jump ahead as many optimists will now say it's a matter of funding. To those i say this.
banks are barely lending to each other right now, and this will continue for at least the next two quarters. that being said finding a partner to put up funding right now is next to nil. There is only one way. If they indeed have a big and it will need to be big hit @ 54.50 a barrrel. They had better announce that potential reserve, hope for a jump in the stock price, and then the insiders sell to raise the cap to extract...i don't see that happening which pretty much says it all.
so meo prove me wrong and start talking.
I would like nothing more than to be wrong...because then we can all make some money!!!!!
FB
