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Gold/Mining/Energy : coastal caribbean (cco@) -- Ignore unavailable to you. Want to Upgrade?


To: DrAllan who wrote (4619)8/11/2006 9:22:32 AM
From: dan-o39  Read Replies (1) | Respond to of 4686
 
This is so typical.

Management seems to 'disapear' and we go months with out a word as to what's going on.

I ask, 'what has changed this time for anything to be any different?'

Nothing.

As for the stock price, I'm not so concerned with this company since there has not been any volume for a long time. There is no bid to speak of and why should there be? There is no information flowing from the company and after 60 years, I can't imagine that anyone new is going to invest in this 'gem' until there is something concrete.

Here is my speculation, when the next 10Q gets filed, it will say absolutely nothing new about the status of the test well. And when we hear about Q3 in November, it to will say nothing other then it to late in he season to do more work and that we'll have to wait until Spring '07 before we know anything?

My major concern is the cash burn and if we are ultimately successful, when do we start receiving revenues. I'm fearful that we'll run out of cash and be further diluted before there is a payoff.