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Lucas Energy, Inc. Message Board

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  • jananjim jananjim Feb 17, 2011 8:34 AM Flag

    Sold 1/3rd, Management is not trust worthy

    The only thing management is guilty of is not setting expectations. Over 200K of the G&A cost increase is non-cash compensation, in other words Stock. Another large chunk was Separation costs for an ex employee. After you take out these two items you have an increase in G&A of about 230K, pretty much what you'd expect for a company that has much more activity then in the past and is trying to establish a local presence in the area where they are drilling. I only wish I could have added a few shares on the pullback.

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