FormCap Corp (FRMC)

[FinalFrontier]

It was suggested to me today by another trader that they may have also come to realize that they wouldn't hit oil at that location. I never thought they would, but I don't know if that somehow could also play into this.

They also would have had plenty of volume had they done a promotion like they did last fall when it ran to $2. That was all I was here for - another bogus promo with chance to get out quickly with profit.

If that wasn't enough, they could have prevented a lot of the selling today by indicating they still were going to drill in August. But the wording of the release sounds noncommittal to me.

We're really not dealing with the sharpest tacks from the box.