An Interesting read8 May 2010 12:59
Very interesting read. Thanks watchinstocks for bringing this to the attention, I think a few jumped into this share by impulse not quite knowing what they jumped into, anyhow this all looks very interesting. A lot of legal documents will not be understood by the majority of lay people here, however if one were to get all of the story together and to simplify it for the general masses it could be of interest for many to get into a new share which could go places. Tiric has done the same thing and I see no reason why it cannot. This is/was a shell company and has no become an oil and gas play and I see a few people in the industry and a bit of money behind it. If someone were to take time to clear up all the info here and when the name change becomes official it could be of interest to many who are looking for the long term, eg 1-2 years. I see an up and coming company. This is not a sweet company it was used as a vehicle and it can gain an access to the capital market here while building up the oil and gas business in New South Wales. Good time to get in, in my opinion, could be a bit choppy in the next week or so but for the patient person could provide a lot of interest. ~Thanks again for your great work in getting all the facts quickly and clearly...Well done....hp