Ann: Bullseye Prospect Sale of 8% Working Interes, page-17

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  1. 226 Posts.
    re: Ann: Bullseye Prospect Sale of 8% Working... Not that odd goodie3shoes. Basically GGP is running on fumes. They have had to dilute the hell out of the stock, pay a whopping 15% interest on their convertible and now they are selling chunks of the family jewels for a song. Even if Cib Haz does come in they are down to about a 25% working interest, having to fork out punative interest payments every month and left with a stock as diluted as Grave's cognitive functions. If there is a problem with Cib Haz, then they are in trouble. Whatever is actually down there, expect the results to be greatly exaggerated so Traviatti and his mates can ramp the stock and make a swift exit. Like rats from a sinking ship, as they say.
 
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