Re: Some intersting stuff...
in response to
by
posted on
Apr 06, 2009 07:11AM
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As shareholders, all we can do is vote against the rollback. We can stop it if we unite. Management only holds a minority interest.
We need to put continuous pressure on management to reveal exactly what is in the Tennessee wells. Otherwise no rollback should ever occur.
If the wells are commercially viable, a rollback is a good way for other parties to steal our investment. (Current shareholders portion is squeezed, reverse splits always result in lower stock prices, and it is then easier for monied interests to acquire a large stake in the company).
If the wells prove to be dry holes, a rollback may be our only option.