LOL, buy back will never ever happen, we are broke, so with what money and why would they do this, unbelievable what some peoples brains come up with, lol....
LMAO!! Some reality here for those $500 board pumpers on here which have recently surfaced imo who have absolutely no idea of how bad a consolidation would befor us who hold after this happens imo......
If for example, given the current status quo at 88, doing ONLY 6-8 weeks a year drilling and 10 months a year doing nothing imo to stimulate SP and during this lengthy hibernation period of inactivity our SP historically gets smashed back to sub 1c year after year. Fact!!
So, God help us all if 88 decide to do a consolidation during or after this partial flow test program, 88 will have to do more work on this well next winter 2025 etc. If commercial then gravel pad etc has to happen etc, so we will not be in a position to drill multiple wells or drill during the summer without a gravel pad, so the SP will certainly be smashed back after any consolidation under this current team and program imo.... SP will get smashed imo and those holding and remember this our board hold no on market shares so doesn't impact them imo, only us holders......
For example 100:1 consolidation with 22 Bil shares and say SP 1c
SOI after 100:1 = 220 Mil Shares SP and SP of $1
What a joke!!! Look what happen to so many other junior exploration coys that did 100:1 everyone are on massive losses today some in administration. Just look at EGO after there 100:1, SP fell from $1.30 to 0c and in administration but traded at 18c, before the lights were turn out by Min Res.... Wake up!!!!
So, we consolidated to 220 Mil SOI at a SP of $1.00 then company hibernates for 10 months a year!! How on earth will 88 under this same team imo who most don't hold shares and which fails to increase SP growth after the last 2.5 yrs to date. lol.... Unbelievable......
The reality of 88 doing this, all I see is a SP sliding back to sub 10c, then sub 1c imo when they hit just one dud drill going forward and those who hold and don't get out prior to consolidation, will lose massively imo...
This is the reality imo given 88's terrible past history, poor SP growth especially under new MD which reached all time lowest SP in history under his leadership imo and given the current structure of senior management and the board all remain imo. Seriously 88 can't even communicate to the market during a successful drill stage that didn't crash the SP, fact, imo....
88 just focus of successfully flow testing this well and making it commercial without destroying the well integrity should be your priority, so then most of us can exit, then I couldn't care less what happens after this lifestyle, joke of a company imo....
Back in my box, I was awoken by stupid consolidation comments by very small $500 3rd party holders on here....... Don't listen to them guys!!! Just get out and move on after flow test is my advice and VOTE NO if a consolidation is forced onto us imo!!!! Roger out!!!!!
Expand
(20min delay)
