from Phillips conf call, CEO responding to Q re: what they are going to do with DPM:
"What I would say is that I think both Spectra Energy and ourselves are in agreement on the path forward and that we're executing that. And we don't want to get out in front of the activities that are ongoing. So I would just say we're in process. We're not at the beginning but we're also not at the end of that process. So we're working through it."
Any ideas what this gibberish means?
Without understanding any good reason for the huge dumping of shares by MRDH, it appears the MEMP price is suffering the consequences and may continue until the issue is understood (assuming it is not significantly negative).
While the price of the units has gone up some, it's only where it was in the downdraft three weeks ago. I guess a better price for the UEO was expected. Not sure what price to expect this to settle at.
Why do they make presentations at numerous conferences when it appears that nothing they present is factual and they just talk about how great things are? If you aren't going to present the truth, why not just keep your mouth shut?
the traction is related to a buy, put out by one of the firms that handled the botched large public offering that still hasn't been explained by management.
not sure what your nationality is or what software you are using to translate to english, but what are you trying to say?????
It's hard when you have the sector figured for an upswing, but you bet on the wrong horse. There are a slue execs making over a million with bonuses and options rewarded for the excellent performance, however.
Wonder if the 900,000 additional shares available have been spoken for? Wonder if you have to promise not to sell units if you get them in the offering (the usual game where they put it to the small investor)?