Lets review a litany of IFLUB Myths. Call it Myth Busting.
TECO Mitchell will only produce 1 to 3 barrels.
TECO is in Bankruptcy.
TECO is out of business May 1.
TECO stock is vapor.
TECO will never drill again in Belize.
TECO is spending 50k to 100k a day on SG&A
TECO has toxic financing.
TECO has only 400 shareholders .
TECO will only receive 1/3 of a barrel 3 or 4 months from now.
TECO has suffered no damages because the stock went up after the filing.
Now, I am not making this stuff up. But I feel, well, someone/many positing on IFLUB are.
The damages are simple and easy to put a tangible number as to amount.
I'll just give you the easy ones...
Cost of capital
Access to capital
Loss of liquidity....Easily proven by trading volume.
I would never attack the PPS issue, I'd let the defense use it then counter. it's unprovable either way and beyond the understanding of a jury. Not to mention the cost involved with expert witnesses.
The petitioners are looking at a mid seven figure judgment should they lose in Bad Faith. I hope everyone understands a Bad Faith ruling is not required to proceed with civil litigation.
TECO Mitchell will only produce 1 to 3 barrels.
TECO is in Bankruptcy.
TECO is out of business May 1.
TECO stock is vapor.
TECO will never drill again in Belize.
TECO is spending 50k to 100k a day on SG&A
TECO has toxic financing.
TECO has only 400 shareholders .
TECO will only receive 1/3 of a barrel 3 or 4 months from now.
TECO has suffered no damages because the stock went up after the filing.
Now, I am not making this stuff up. But I feel, well, someone/many positing on IFLUB are.
The damages are simple and easy to put a tangible number as to amount.
I'll just give you the easy ones...
Cost of capital
Access to capital
Loss of liquidity....Easily proven by trading volume.
I would never attack the PPS issue, I'd let the defense use it then counter. it's unprovable either way and beyond the understanding of a jury. Not to mention the cost involved with expert witnesses.
The petitioners are looking at a mid seven figure judgment should they lose in Bad Faith. I hope everyone understands a Bad Faith ruling is not required to proceed with civil litigation.
