Another Possiblity
in response to
by
posted on
Apr 07, 2009 05:27AM
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Why is MEO going for a name change and a share consolidation? Perhaps the idea is to have a few well-placed individuals get control of the company. Perhaps they even plan a buy-out the long-suffering shareholders and taking the company private.
Then, we finally get to hear what is "down there" in TN. And those of us who financed the initial drilling will be left out of the party.
I agree with many others. No name change, no stock roll-back without a full disclosure from MEO management on the results of the drilling in TN. I am tired of being kept in the dark.
All of the mystery surrounding this stock has only resulted in a SP that has been less than $.02 for far too long. Just what is keeping the management from "coming clean" with the results?
Are they worried about the share price collapsing? Too late.
Or are they hiding good results so that only a select few can share in the profits?
- Panamax