Monday, October 24, 2011 5:08:29 PM
For what it's worth I decided not to average down. I spent sometime the other day and went back to the beginning of this forum and read the enthusiastic posts by TenaciousD, MHT, and InterestedParty99... Tenacious, our board moderator is gone, IP99 no longer posts and MHT is rarely present... that by itself tells me something.
Then I read a good post by InterestedParty99 on January 15, 2010:
"Why has it taken so long to make the first deal and show results to clients and investors? Results like this would have a substantial impact to the stock and the ability of the company to raise funds and limit dilution.
Some Background:
- Sonic has run test batches through their machine to prove it works on
different types of heavy oil almost 15 months ago (Oct. 29th, 2008).
...
LET'S GET MOVING ON A DEAL ALREADY!!!
Every day European oil companies are leaving money on the table settling for less cash due to the quality of their oil. How hard can it be to sell the prospect of a company making more money with limited risk?
Pack the test machine up and use some of that $500,000 to send it to and organization interested in making more money."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45529087
Yes, Oct. 29, 2008 was when they had the heavy oil technology, that was three years ago, and what have they done with it? NOTHING! It doesn't matter who the CEO is and what success they have had in the past IMO, the record here speaks for itself... at least it does for me.
I hope .08 holds here and we don't find ourselves in .07s, because I don't think there is anything under that and selling might pick up as people try to salvage anything they can...
Simply
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