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Equal Energy Ltd. Message Board

mcintoshe21 2 posts  |  Last Activity: Jan 24, 2015 10:29 AM Member since: Feb 19, 2012
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  • I own some shares but have put PPHM on the back burner last year for obvious reasons. Can anyone tell me when news release may be expected on phase III trial data for SCLC.

  • Reply to

    HUSA to settle with the SEC

    by cropduster08 Jan 5, 2015 5:41 PM
    mcintoshe21 mcintoshe21 Jan 7, 2015 1:03 PM Flag

    Hi Crop
    Just wanted to chime in on the latest news.
    As a long term investor this should put our latest bad new chapter behind us. The good news for me is the time frame needed to be able to clearly see our immediate future is now more tenable. I do not wish to see another private placement. Why should this company be afforded another round of dilution without any positive results that show the company will ever be either profitable or marketable to another E&O company? Who would pony up $10 million for this record? I can only see this happening if they were offered special considerations not afforded to the common stock holder. It is ludicrous to think an intelligent investor with that kind of money would offer to purchase this stock. In prior years a special placement would be secured just prior to a major well developement. I do not consider an SEC settlement a move that secures our success. It will not put revenues in our treasury. Our immediate past has been litered with failure and only continued mini successes in the domestic market will secure meaningful change. If JT's salary and legal expenses have drained our treasury to the point we will not have enough to participate in the Serrania block then I suggest he needs to surspend operations/cut expenses until the Serrania block is imminent. If we continue to dilute the current shareholder will have nothing and JT will be the only one to benefit ( is he still pulling 800K salary? ) $10 million will do nothing for us expect allow JT to collect his salary for sitting back and waiting for Serrania. I have not seen a meaningful impact on the small percentage domestic wells. Can you even tell me how much our earnings report state we have gotten from those wells?

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