Thursday, March 20, 2014 11:24:04 PM
I only have the PRs to go by. I don't have any access to other information but welcome others input.
If they have accomplished anything in the past 6 months I am not seeing it. Seems we are where we were last September, 6 months ago. Nothing management discussed happening since has? No increased 4th qtr revenue, no new Chisom Well as discussed back in November?
If there is more here than what I see I am more than happy to be enlightened about it. If the company has more details to explain why nothing has essentially happened in the past 6 months they should let us know?
I have a 30 million share position at .0072. I see no reason to sell and even if I wanted to the liquidity isn't sufficient without significantly impacting the price. With production back up i'll give them another year and see how it goes. There are some positives and the leases have potential if the capital can be raised to work the leases.
While I won't be selling I won't be adding either as I see no short term catalyst as to why the price will rise any significant amount.
Look forward to you sharing your thoughts with me and the board. I certainly hope that I am seeing the situation incorrectly as I have capital available to buy more if there was a reason to do so.
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