Brainyboy, David McCourtney, only has himself to blame for losing on his Treaty investment. After the GOB disputed the oil strike claim, he could have sold his shares for .08+. After that he had many opportunities and much time to sell for .06 or even .04 and still make a profit. I've heard it mentioned he waited until .01 to sell. To win, I think he would have to prove fraud. It seems to me that would require an expensive and time-consuming investigation that would probably fail since Treaty has shown there is oil in San Juan 1 & 2 (just not commercially viable). If they hit in San Juan 3 he would probably have no case at all. He could spend a ton of money in travel expense to New Orleans and attorney fees. If he lost faith in Treaty, he should have just sold when he had a chance.
Posted On: 05/09/2013 10:42:23 AM
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