1 The water well is not approved as its not shown on the Utah O&G website. 2 They have no test flows as its not shown on the O&G website 3 They wont do a SPP as it requires a disclosure statement 4 It will take an EGM to approve the SPP issue because of 15% rule 5 Lobo court case to cost marion $5m 6 Marion are broke - no money 7 We're going to have a massive dump on market from TTT
and the list goes on
But we know: 1 the water well was approved as announced & they weren't using expensive trucking as claimed 2 Testing is usually flaring to atmosphere - standard practice 3 SPP announced & done 4 SPPs not subject to 15% rule 5 Settled for $800k reducing a debt already on the balance sheet! 6 Since last Quarterly $1.1m + $3.2 from SPP raised + Convertible notes available 7 Still waiting
You have to ask yourself, why does he spend so much time researching only the downside of a stock he doesn't hold. As I think cacoethes said - Cheer up.
MAE Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held