Emerald Oil, Inc. (EOXLQ)

[Woulfe]

They 5yr history of constant offerings & reverse splits shows they don't care. The chart is insanely ugly... They only cancelled the recent offering in an attempt to prevent the stock from plummeting further. It didn't help in the long run - long term holders lost all confidence. They will issue more shares by mid summer as offerings are their only means of survival & they will need cash again with their quarterly burn rate. They weren't profitable at $100/oil last year, which says a lot about the company. Now at 50-60/oil they're hanging on by a thread... Except now they have all destroyed all investors confidence. May be good for day traders, but very risky