I copy the following paragraph from redhot's latest.
"Last we heard, the Oklahoma Cash Corner Project well was still flowing back mud and final results were pending. This well has been extensively discussed on the Silicon Investor AXPL threads, techstocks.com and techstocks.com. We've been lurking there from the beginning, and we've gotta say, some of you guys are thinking too small. Who gives a shrill soprano hoot if Amalgamated gets 2% of 50 different wells? It's not worth the headaches. We recommended this company for their Cave Gulch, Wyoming properties that should produce between 10MM to 50MM cubic feet of gas per day, for their Paymaster Project gold claim, and for the monstrous producers that will result from the company's new properties throughout Wyoming, Montana, and wherever else they run the electrotelluric survey. We want to see the company get 100% of their own mammoth wells. When that happens, don't say we didn't tell you!"
Sounds as if they never cared about the income from prospecting for others. But this was not their tune at the beginning. To quote from the original hype (see the first page of the other thread),
"Interpretation of the data gathered can require weeks of heavy computer-driven calculations-even then, the interpretation is largely subject to the skill and luck of the operator conducting the survey! Dry holes can and do still occur, even with the best 3-D seismic operators. Overall, 3-D seismic is an expensive, time consuming, labor intensive process. But it's still a TEN BILLION DOLLAR BUSINESS!"
How about defending your projections of great income from the Ten Billion Dollar business, Redhot?
In all fairness, it was they who made this stock public. But I find it difficult to take their claims at face value, including lack of financial interest.
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One question that I could not clarify by reading the available material. Does AXPL have 100% interest on the Cave Gulch and Wyoming properties?
Still long. |
