Wednesday, November 07, 2012 11:51:52 AM
1). be acquired - hasn't happened, no indication that it will happen
2). distribute earnings to shareholders - hasn't happened, highly unlikely that it ever will
3). buyback common stock with proceeds from oil and gas sales - hasn't happened, unlikely to happen in the future .
the company has been dark for 3 years, has not made material information public, is delinquent on its filings, and makes no attempts to keep it share holders informed.
it is controlled by a couple of guys that have their hands in a number of other nano cap stock companies, and they answer to no 1 but themselves.
until that changes, this has been, and remains, a lousy investment.
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