where is the $ 4,000.000 gone, page-5

I spoke to one of them a couple of years ago probably two and a half.
When the ex - professor round about arrived their. He was excited back then and we supposedly had a candid discussion, it might have been. However he assured me that they will curb expenses e.g. first class flights. So I jumped on and got excited with this prospect even understandably it was a fair few years in the making.
For the life of me they got rid of everything and IMO their credibility. What they have been left with is La Bella which is a good prospect and requires money, the Palta offshoot which the market has to wait till 2015 for results. I believe they have to spend money as required with the permit. And as I have said before(re Seychelles) they tried to flog the whole acreage with original 2D then spent more on 2D instead of identifying some prospects and spending money on 3D. They might have had a suitor if something was more decisive than what they have and probably drilling or much closer to drilling than what they are now.
Look they are the experts not me but you wonder what experts they are at.
The way they are going a CR is on the cards sometime before the second quarter.
Lets hope they get some cash flow come through so the CR can be avoided and benefit to the shareholder and I can jump back in again.
Otherwise we are looking under 1 cent.