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Re: MSU post# 727

Tuesday, 04/07/2015 7:45:46 PM

Tuesday, April 07, 2015 7:45:46 PM

Post# of 4911
There are so many people with $0.03, $0.04, $0.05 shares that can reap a reasonable profit selling at $0.07 - that I believe you cannot read anything into the share action on a couple million shares moving.

I've heard we get maybe 35-45 wells added in March. Personally I expect something between 25-50. The stock price is definitely acting "wait and see". If we see some momentum in well additions maybe it moves to $0.08 or $0.09 - but maybe not. There are definitely a lot of cheap shares out there and it could take a while to chew through them all if there are motivated sellers.

In the long term though if they can start adding 40 wells a month I think the stock will double by the end of the year.

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