SK was adamant that we now can go forward and start as an
oil company. He also said that the timing is perfect for
it because oil is near its bottom price and that this significantly
reduces the cost of getting into the business because everything
in the industry from equipment to existing oil wells is available
at a discount.
in my uneducated opinion, the best case scenario is that NHHI now
has enough money to jump into oil, and that SK might be privvy to
some insider information about where the price of oil is heading in the
relatively near future, how and where to get in, etc. The only reason
I hold out hope here is that its pretty likely that the price of oil
is manipulated, so SK might have a handle on where things are going
in the future.
To me there is no point in assuming that all is lost or that there
is some nefarious plan afoot.
He has said the plan is to drill oil and return to trading with no
reverse split and that NHHI has the money to do it.
I hope that SK has some sort of ace up his sleeve here, some secret
ally or adviser or some secret partner to help out with all of this.