I hope you don't mind me dropping in on this convo.
There are plenty of lessons here if you are to do a postmortem
The first place I would start is to go back and have a look at the cleansing prospectus 9 May. Which besides the cost of $25k for the issue of up to 100 Shares at an issue price of $0.50 per Share to raise up to $50.00. Freed up escrowed shares. Then ask yourself just how many of these shares were sold in the pump.
Now go to OGY and see where your directors are now.
Look at the 3Aug Announcement. 137,500,000 fully paid ordinary shares will be released from escrow on 15 August 2012.
Puntland was a wild, wild cat. Based on data from 15 years ago. In what you could consider to be one of the most dangerous counties in the would.
Do you really think this was about oil?
RMP Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held