if you can believe what is published, and for those who were wondering like myself:
start extract
Focus began talks with potential cornerstone investors in April after an annual review of operations. "The magnitude of our development [program] is so large that we weren't going to be able to fund it from organic operations," Chairman Don Taig said. "And Shandong wants to see money spent in the ground on a very significant drilling program, which was music to my ears."
end extract
I have been a "YES" man, but what irks me is that this article says this started almost 6 months before it was announced and we were kept in the dark. This type of thing "looking for a cornerstone investor" is in my mind, market sensitive information and they certainly didn't tell me, did they tell you!!!!
When did they do an Annual Review? April? I didn't see one.....
Couldn't fund the planned development!!!! Thanks for telling us all...
Not happy Jan.
Link: http://online.wsj.com/article/SB10000872396390444620104578007153621864158.html
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