Norstra Energy Inc (NORX)

[DragonBear]

Whatever it takes to get the drilling done.

At the current PPS of 0.05 it's going to take a SNOVF dump of 160M shares into the market to raise the capital. That's SNOVF's only source of capital - selling stock. As previously noted, they apparently weren't able to sell enough of their stock to prevent a -$732K cash flow in their last annual report to the Canadian regulators.

The swirling tea leaves predict you might see a NORX PR about some drilling activity. But again, the cost of $4M-$8M is beyond what both companies combined can afford. Not even close. Whether a PR causes a kaboomage based on resulting speculation in NORX a previously suspended grey stock is anyone's guess. But it has nothing to do with oil wells. Just a microcap trading game.

If you want good news, then a trader doesn't have to worry about an insider dump in NORX. Not with the SEC still watching. It's just you against the rest of the Retail market. However, trading SNOVF will be a real joy, if and when a big insider dump occurs. Where one has to be aware of the volume on the Canadian side. GL.