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$2.07 new 6 month price target for DXI Energy per Zacks Research report issued this afternoon.
http://scr.zacks.com/files/Nov-2-2015_DXI_Ralston.pdf
Wayne Erwin has destroyed this company.
These acquisitions do not mean ANYTHING if here we still are in Q3/2015 losing hundreds of thousands of dollars every quarter and putting hundreds of thousands of shares into the market every quarter.
They have diluted this stock into oblivion.
Why on hell on earth would we make these damn acquisitions over the last two years if here we still are at the doorstep of 2016 diluting the hell out of the stock and issuing convertible notes? It's just revenue.
Where are the earnings? Where is the cash flow?
Name me one "long" investor in this company that has actually made money. Every single person on the planet who has taken a long position here has been damaged.
Erwin and Michael Kramarz have flat out wrecked this company.
What a nightmare this stock has become.
I'm feeling pretty good about the company's prospects, personally.
Do your due diligence, people.
Nope.
Seems to me the CEO saved the company, which wasn't doing anything whatsoever prior to his arrival. No revenues, no deals, no product, no nothing.
I am not happy with the debt, I am not happy with the CDs, but I am happy with the fact that this company will have substantially more revenues by year end 2015 and I am happy with the fact that we have an FDA approved product that is being placed into the hands of more physicians as time goes by.
I have no idea what this company will be or do in 2-3 years, but I am certain we are damn sure worth more than the current stock price indicates. I think a $.10-$.20+ stock price in the next 12-18 months is very much within a zone of reasonableness.
Any penny stock or sub penny stock is subject to continuous manipulation and OCLG is no exception. The CEO won't do everything right, but the prospects for OCLG are far better today than the day before he walked in the door. I feel a lot better about OCLG's future today than I did in March of 2013.
I'll take my 6.5 million shares, sit back, watch and wait.
ORCA,
Consider this:
Within the next 18-24 months, Erwin could push the company's annual revenues upwards of $40 million with roughly $5 million+ in cash flow. Let's say hypothetically we're at 500 million shares 24 months from now. Even if that's the case, with revenues at $35-40 million annually and cash flow at or around $5 million a year, plus an FDA approved product which unto itself will be a greater income-producing asset for the company in the months to come, the fundamentals of this company will have improved exponentially.
I also believe if this scenario were to play out, Erwin and Kramarz would possibly go forward with a 5-for-1 reverse split. It's obviously a lot easier to move the needle (stock price) with 100 million shares outstanding versus 500 million shares outstanding.
No one here wants dilution. I certainly don't. But we've got some housekeeping items to deal with, as you know, and in order to get to where we need to be, we're going to have to bite the bullet at times, whether it be dealing with the former CEO or one of the acquisitions and the associated debt and overhead with them. At this point I like what management has done with the acquisitions, because each of the companies we have acquired are running far more efficiently now than the day we bought them out.
Me personally, I see us getting the acquisition done at some point later this spring. My hope is that once this is done, management will take some additional time to focus on an uplisting to OTC-BB, given that we are indeed a fully reporting company. I know it is a priority.
In two years if we have the revenue and cash flow I mentioned above, then facilitate a reverse stock split, i see no reason why we couldn't be a $15 million dollar market cap company. At that point in time I think it would be well within reason to see us be considered for a spot on the AMEX. There are already numerous companies on the AMEX with a $20-25 million market cap with less than $10 million in annual revenues and less than $1 million cash flow.
We've got some more bumps to encounter this spring and into the summer IMO. But we're getting there.
Best to you sir.
Russian-Trader, thanks. Much appreciated.
I look forward to following the legal process with these guys going forward.
Russian-Trader,
What's your take on the end-game here?
What do you think ultimately happens to Reid, Gwyn and this clown "bullmarket?" What's realistic? You think they ever see any time behind bars?
It seems that questions regarding ethics have followed Reid just about everywhere he's been.
And where is Steve York in all of this? Three years ago there was a video linked here where he was at some conference and he talked about additional drilling equipment he was about to buy for the company. My sentiment is how could he not know anything? If this was an out-and-out scam, how could he not know? I also recall York on the video characterizing the Belize strike as "an oil show." This was the first indication to me that Treaty had begun to back off its initial claim "Treaty strikes oil in Belize."
Really a shame to see so many people hurt in this thing.
Full disclosure: I myself scaled back to 500,000 shares late summer 2012 before ultimately getting out of the whole darn thing, minus a small block (40,000). My total loss was just under $9,000. Fortunately I got out long before it hit rock bottom.
Thanks in advance for any insight you can provide.
SOUTHPEN, interesting take on the potential stock price. And I know you're not making a forecast or a projection. You're merely saying the potential is there for a $2 stock price.
For that to happen in my humble opinion:
1. A successful mancos at South Kokopelli
2. A successful mancos at North Kokopelli
3. A successful mancos at Roan Creek
4. DEJ does not engage a partner for Roan Creek drilling, but instead goes in alone to ensure the company retains a 100% working interest.
5. The company issues no additional equity offerings or no additional dilution events occur, ensuring the current shares outstanding remains status quo.
6. Following a successful mancos at South Kokopelli, North Kokopelli and Roan Creek (with 100% working interest, of course), the company then opts to deal all of its interest in South and North Kokopelli and Roan Creek and does so obviously at a premium, given the predictable, low-risk, high reward profile of these NG/NGL-producing assets with 20-25 year lifespans.
I assume these were the events you factored into the potential $2.00 per share scenario?
A belated Happy New Year, btw. Hope all is well.
Hodgkinson is in the stock at just over $0.39. Certainly he would like to fetch several multiples of that figure.
My feeling is that once South Kokopelli, North Kokopelli and Roan Creek have deep verticals/mancos producing, Hodgkinson will deal all of Kokopelli and Roan Creek. Just a hunch.
Andrew Reid is finished.
Finally.
And my second thought upon reading the SEC release is at what point do long-suffering Treaty shareholders - myself included - begin the process of taking legal action against the former officers of the company for the alleged fraud? Surely if they're convicted, we would then have every legal right to file suit against them.
Dejour has real assets and real value within its asset portfolio, but as SOUTHPEN has pointed out, there continue to be questions and fair criticisms of management and the manner with which it has handled numerous situations over the last several years.
Make no mistake, I fully expect for Dejour to have at least two additional rounds of dilution in 2015 and into 2016, largely due to funding the needed 3D Seismic for North Rangely and for the mancos at Roan Creek. This all means that in an 11-year span (from 2004-2015+) the shares outstanding for Dejour will have likely more than tripled under the direction of Bob Hodgkinson. In other words, I would expect Dejour to be sitting at roughly 240-270 million shares outstanding within the next 15-18 months.
No one likes debt, but at some point we've got to stop "giving away" these assets. If we'll play our cards right and pull some cash flow from the additional revenue we will receive from the 2014 8+ well program at Kokopelli, we could very easily go in on our own at Roan Creek with a couple million and borrow $2-2.5 million to facilitate the drilling of a deep vertical into the mancos. If the company instead brings in a JV for Roan Creek, issues a release that essentially states that the JV partner will claim 70-75% of what comes out of the ground, then it's going to be difficult for me and a lot of shareholders to get excited about that. At some point, Dejour has to start standing on its own and putting much of what's in the ground into its personal coffers.
Dejour can push its current market cap up by several multiples with a mancos at Kokopelli, a mancos at Roan Creek and of course development at North Kokopelli. Personally, I remain extremely skeptical of the company getting anything done at North Rangely over the next two calendar years. It's just far more speculative than Roan Creek and Kokopelli and for the better half of the last two years they tried to fish a North Rangely JV with a 50% WI (as a starting point) and nothing materialized from it. I suspect numerous drilling funds and several mid-major players also are skeptical (of the potential 1 billion+ recoverable oil at NR), otherwise surely by now we would have had something done.
I like the story at Woodrush and I understand why the company had to do another round of dilution to facilitate the capex and to absorb virtually all working interest. I think Kokopelli and Roan Creek could be cash cows for the company for a long, long time. However ... management has got to do a better job of protecting the stock price. Hodgkinson, by his own admission, does not prefer a reverse split. But personally, I'd love to see a 5-for-1 in 2015 after we've got additional cash flow and become a positive earnings per share stock (which is extremely rare for a micro-cap energy company). I would prefer the share consolidation because I believe it would put us in a better position to pick up additional institutional ownership, most of which won't touch a stock under a dollar. The more institutional ownership we've got, the more "big money" we've got on board, it'll provide somewhat of a floor under the stock price. Following several quarters of positive EPS would be the perfect time to give strong consideration to a share consolidation.
Hodgkinson is a 65-year old man, he is the leader of this company and he's got decades worth of experience in this industry. I think it would be quite beneficial for all involved if shareholders heard from him, such as a letter to shareholders on Dejour.com. Something. Anything. Just color, insight, his vision, his plan and with a little bit more detail than the broad, cryptic verbiage we receive in some of these releases, which leave a lot open to interpretation. When you've got a stock that is dominated by retail investors, you've got to be on top of communication and that is an area where the company - by any measure - has fallen short. We basically had to beg to get management to do the last conference call. And that shouldn't happen with any publicly traded company. Should Hodgkinson do this, I believe it would build goodwill with shareholders. And I've requested this several times.
All in all the company is in far better shape today than it was two years ago coming off a bottom in NG prices. No one can say that the company is in financial distress. So the outlook is improved, but as we all well know the ONLY thing that matters at the end of the day is the stock price. That is the barometer by which all CEOs must be judged. Keep diluting and it will become increasingly difficult to move the needle. The progress and subsequent additional BOEPD from Woodrush and Kokopelli will ultimately get baked into the stock price, but there are other measures the company can and should take going forward to protect the stock, IMO.
Serious question regarding Andrew Reid
If you're a prospective business partner - in any endeavor - why on earth would you get involved with this guy? My question to those who have been in TECO for years and are aware of Reid's other business endeavors; has this guy EVER been successful at any business venture?
It seems that just about everything he's involved with, there have been questions about ethics, integrity, transparency with stakeholders, etc.
A lot of people - including myself - have gotten hurt investing in Treaty, and many of us took a position in this company based on the bubbly appraisals and BOEPD accounts and projections by the company and directly out of the company's front office.
Really disappointing to see the state of affairs at TECO currently, and the sheer abundance of all the misleading and inaccurate information shareholders were given from management, particularly from late 2011 through 2013.
dloggold, with all due respect, the balance sheet says Treaty is not fine and has not been fine and has a long, long way to go before it is fine.
If PRs, production projections, facebook updates and these Mickey Mouse onsite videos actually mattered to investors, the stock price would not be where it is today.
The ONLY thing that will drive the stock price and sustain any upward movement will be earnings and further, consistent growth in earnings. That's the unassailable truth.
SOUTHPEN is correct.
I don't think there is any question that Hodgkinson is building this to sell. And Dejour is and will continue to be more of an exploration company than a production company. The company - outside of a farmout or JV - does not have the funds to be a production company such as a MHR or a NOG.
Hodgkinson's MO has been to build up small cap oil and gas companies, prove up acreage/assets, then facilitate a merger or a buyout. I think that'll happen again. It's just a matter of when and how much. And will it encompass the company's Piceance Basin acreage or the entire company? I think the more likely scenario is the company's Piceance Basin acreage, which is basically the bulk of the company's assets in Garfield County (Kokopelli and Roan Creek). I also see no scenario where this is done until the farm-in partner completes at least one horizontal (to prove up the acreage) at Roan Creek and until the horizontal (mancos) is done at Kokopelli. It would be foolhardy for Kokopelli to be shopped until this was done, because a successful HZ could more than double the overall reserves.
I think late 2014/early to mid 2015, the company will be in a position to entertain some legitimate offers for its Piceance Basin acreage. The economies of scale are simply too great, and the company is in an outstanding position with so much of its Garfield County prospects directly situated adjacent to BBG, WPX and ECA.
I'm holding until such a transaction is made. When and how much, we'll find out. But I think late 2014/early 2015 is a reasonable timeframe.
Gun to the head ... I think when it's all said and done, WPX absorbs Dejour's Piceance Basin's assets within two years.
SOUTHPEN ... what do you mean "if the company is not taken out by June?
kanola ... I think it's great to be optimistic. I just think it's best to be realistic.
This isn't the right word but I'll use it anyway. But there needs to be an oceanographic difference between the way the company executes in 2013 and 2014 relative to 2012 in order for your projection to be even remotely possible, and that's after a reverse split, because it's going to be extremely difficult for the stock to have sustainable, upward movement given the shares outstanding.
I think almost anything is possible, which is why I kept a small stake in the company this fall, though I sold 92-percent of my stake about four weeks ago. The dilution, the fact that execution in 2012 was exceptionally bad and the fact that considerably too many PRs and projections never ever correlated with actual booked revenues are why I felt it was time to walk away. Falling short of expectations is one thing, but when a company continuously projects a BOPD number and it cannot even come close to that figure in a given month, much less a day, that's a red flag. And long-suffering shareholders have sat back and watched this happen over and over and over again.
As a shareholder, I do not believe I am entitled to results. I merely invest on the belief that favorable results will follow but there is no entitlement. However, I am entitled to transparency.
If the company begins to actually execute on a fraction of its projects in 2013, if it will just stop with the bubbly projections, and if its actual booked revenues will at least get in the stratosphere of the production numbers claimed in PRs, then I will consider taking a larger position in the future.
There have just been too many mistakes for me to project the kind of stock price appreciation you're referring to.
People don't want to hear about the labor. They just want you to show them the baby. I think 2012 has proven quite clearly that bubbly appraisals, production projections in PRs and facebook photos carry very little weight with investors.
$3.00 minimum? You can't be serious. How do you feel this is even reasonable?
The next 30-60 days should be rather interesting for Dejour.
There may very well be. But at this point, it's absolutely reasonable for shareholders and prospective shareholders to question, 'where the hell is this oil?'
I mean hell, we are now in October and the press release of an oil strike was in January, yet not one morsel of oil revenue from Belize has shown up on the balance sheet. The company also has since cooled in its stance and or claim from the initial release. And at a convention in March Steve York referred to the strike as the company hitting an "oil show." Now the verbiage has been reduced to "zones of interest."
I have a sizable position in the company and I have no plans to reduce or eliminate my position any time soon. And I fully realize this is a startup company for the most part. But at some point, as they say, it becomes time to "sh_t or get off the pot."
The company has made progress. The company has potential. The company has clearly spent time, effort and money in acquiring additional drilling equipment. The company has clearly spent time, effort and money in acquiring additional concessions. But at some point people want to see at least a shred of evidence on the balance sheet that correlates with press releases and projections. I'd absolutely love to see this company succeed because I have a vested interest in its success, but it's now abundantly clear to all that Treaty should refrain from making any future production projections, as virtually every one of them to date has not been accurate. This has now evolved into a credibility issue for the company and as Treaty is trying to get off the ground and galvanize support and additional funding, it cannot afford a credibility hit.
There are always setbacks in this industry. We all know that. Circumstances sometimes prevail and it becomes prudent for companies to adjust accordingly. But as we have all now seen, the market has given virtually no weight whatsoever to press releases, bubbly production projections and facebook photos that show oil sitting in tanks because to date this hasn't had an impact of any significance on the company's balance sheet.
For people who want to flip and trade for pennies, then by all means, continue to do so and keep following charts. But with the shares outstanding and with not even modest oil production thus far, this stock price isn't going anywhere until there is substantial, hard-boiled increases in earnings.
Lastly, I think it would be wise for the company to face shareholders and hold a meeting or at the least hold a teleconference. Major corporations do this every quarter. Treaty can certainly do it. Face the people who are already in the boat with you and answer their questions, field their questions and concerns and step up and provide clarity, perspective and insight. And release a detailed, thorough presentation on the company's Web site just as other small oil companies do. Release it and update it four times a year. These are not unreasonable requests at all.
Stiflerz28camarohemi ... just curious, but where are you getting this $0.60 projection from? The only hard-boiled, tangible numbers that will be revealed by the company before December 31 will be what's filed in the Q3. Personally, I'd be dancing in the street with a $.10 PPS EOY.
With the current shares outstanding, and with the tale of the tape on Q4 not revealed until sometime in Q1 of 2013, I think a $.60 PPS is a virtual mathematical uncertainty. I'd gladly take it. I promise you. I'm just curious as to where you're getting this number, given the current dilution and production. Even if the company reached and sustained 500-700 BOPD, heck, even a 1,000 BOPD in Sept/Oct/Nov and Dec and it could be proven without a shadow of a doubt, I don't see a $0.60 year-end PPS. I'm a shareholder of Dejour Energy (DEJ) as well and they're at over 500 BOEPD now with a book value of $1.20+ a share and it's at a mere $.23 a share with 145 million shares outstanding.
I see virtually no way the company's PPS reaches the valuation you're projecting by Dec 31, 2012. If it does, with the position I have, I can tell you I'll gladly be ringing the register and taking some profits. I assure you.
DTL ... first of all, regards. I hope all is well and I enjoy your posts.
I must say, at the end of the day, it doesn't matter how many bidwhacks are conducted on the stock throughout a given day or over the course of the week.
The plain and simple truth of the matter is that these activities, which includes but is not limited to NSS, are not the primary reasons for TECO's stock trading under a nickel. The truth of the matter is that to this point, the company's debt has exceeded its revenue or earnings. As a company, you are what the numbers say you are. Period. A lot of prospective investors on the sidelines, not yet ready to jump into the company as you and I and many others have, are waiting for hard-boiled numbers. They're waiting for sustainable oil production which will lead to subsequent earnings. I assure you, not all, but the vast majority of the prospective investors eyeing Treaty, those that are keeping the company on their watch lists, couldn't care less about some of the manipulation that's routinely conducted with this stock or for that matter any stock. These people are no different than Doubting Thomas. They're waiting for tangible, hard-boiled earnings.
It's not that PRs do not matter. I think that they do in the sense that they show that the company believes it is important to communicate to its shareholders and to provide clarity, as much as possible, on its numerous projects, accomplishments, challenges and of course long-range goals. But again, and as I learned many years ago reading books by Peter Lynch, while there may not always be a direct correlation in a company's earnings and its stock price in the short run, IN THE END, there is almost always a sure-fired correlation between the company's earnings and its stock price.
Treaty isn't in the Eagle Ford. It's not in the Bakken or the Piceance Basin. But it doesn't have to be. I am satisfied that the company's concessions hold enough recoverable oil to elevate production levels to the point where earnings will ultimately drive the stock price and subsequent perception of the company within the market. To me personally, that is not in question. The only question at this point is execution. That's what shareholders and prospective shareholders are looking for. Pardon my candor, but if the company starts executing, as it expects to do, and the numbers are reflected on the balance sheet, honestly what so many of these retail investors and daytraders are trying to do won't mean dip.
I think what's got to be encouraging for shareholders is that Treaty only has to hit on a fraction of its projects. I give no weight to all these projections but I do believe a mere fraction of those projections - such as 400-700 BOEPD - can substantially elevate the stock price over time, and of course the perception of the company in the market.
Just my two cents.
In the end, earnings will serve as the driving force behind any stock price. A lot of prospective investors are skeptical and understandably so. This is a penny stock, it's not on the Nasdaq, NYSE or Amex and to this point it has not been cash flow positive. People want to see hard-boiled evidence that this company is on solid footing financially.
I personally believe the company has a good plan in place and it is my determination that the Q3 earnings report will reflect a marked increase in revenues.
I think shareholders who are in under a nickel are safe, because there's a solid margin of safety either way. If the company were not to make it and its assets were liquidated, it's worth the current stock price dead when one takes into account its drilling rigs, leases or concessions and other assets that fall under the Treaty umbrella. I've always looked at what a company is worth dead versus alive to come up with a solid margin of safety and I think Treaty has that at trading levels under a nickel.
If the company hits on merely a fraction of its concessions and production comes in at a fraction of its projections, then shareholders will win in a big way. More investors will get on board and that activity in and of itself will cut into the overall outstanding share count.
The projections are nice, although I give them zero weight. The facebook videos are nice, but living proof and hard-boiled evidence is what actually hits the books, the financials, what's filed. That's what investors will give the most extensive evaluation to when contemplating taking a position in the company. Investors want to see execution and subsequent earnings. If that happens, the stock price will take care of itself ultimately.
So far, personally, I have no regrets taking a position in the company.
DTL ... thanks. I know it is a problem at the present time. There's no denying that. I just don't give this any weight because if indeed Treaty executes on its plan in the long run, and there's millions of dollars of earnings sitting on a cash flow-positive balance sheet, then that in and of itself will attract more buyers, and these little Mickey Mouse games in the market will have less of an impact. This stuff would matter more to me if I were planning on flipping the stock for a quick profit in 4-8 months.
Earnings will ultimately drive the stock price and furthermore support an upward move. I think we all realize that a press release in and of itself is sort of like a sparkler on the fourth of July. It starts out good, but ultimately it'll fizzle out.
If Treaty executes, then revenues from oil production will hit the books. This in and of itself would be unmistakable, tangible evidence that carry the most weight with buyers and prospective buyers.
The returns this month have been positive. There's no denying that. Continue to execute, and if oil flows from multiple wells spanning several of the company's leases, then ultimately all of this will hit the company's financials and that alone will be the primary driving force behind the stock price.
I personally think the stock is undervalued because I believe the company's drilling equipment, concessions and current oil production (based on the last, filed release) are worth more than a mere $0.05 a share. And I give little weight to the current manipulation in the market because this is something that will have less impact on the stock if, again, the company can execute its plan in the long run. Earnings are black and white, tangible evidence that are undeniable, so irrefutable that even Helen Keller can see it. And as a shareholder, that's what I will be paying the most attention to, because in the end earnings is what will sustain this company ... any company for that matter.
Honestly, I sort of laugh at these people who feel the need to incessantly bash a company and its stock, not to mention its shareholders. I also don't understand the need for some to constantly pump. I don't understand it because, again, in the end none of this will matter or have any impact whatsoever in a company's ability to stay in business. Having said that, I believe in being optimistic, but I think it's best to be realistic. So far, since taking a stake in the company, I've been very impressed with what it's accomplished. The greatest stock on Wall Street won't ever travel upward in a straight line, so progress is a process and I understand that. And I'm not a day trader. I'm in it for the long haul, so I'm willing to wait. Right now, I have no complaints and it's my personal assessment that the company has a good plan in place for substantial growth. Now let's sit back and evaluate the company's execution over the next year or so. As far as I'm concerned, that's all that really matters at this point.
investtoski ... I would probably defer to the company's judgment on something like that. I am speculating, but I'd suspect that as Treaty becomes a larger company, it's quite possible that this activity won't be as frequent.
investtoski ... I think anyone who takes a stake in a penny stock who's even remotely objective, especially a small oil company with very little revenue (to date) does so knowing that it is a major league spec play, a situation where someone is essentially swinging for the fences.
If the company executes on even a fraction of its leases and this subsequently hits the books, ultimately earnings will drive the stock price. That's just the unmistakeable plain and simple truth of the matter. I do find cool's posts entertaining and I understand a lot of people closely follow and study charts. There's nothing wrong with that. But again, at the end of the day, I am a firm believer that true, sustainable growth and stock price appreciation will be due to earnings. In other words, I think in the end, earnings will be the tale of the tape with any company's stock price, not fundamentals.
I too have concerns about Treaty. I too have some reservations and by nature I'm a skeptic. But I felt there were more positives working for the company than negatives working against it, which is why I began purchasing big blocks of shares in April. After talking to numerous people both in and out of the company (none of whom reside or post on an Internet message board) and doing my due diligence, it was my determination that the company's lease holdings or concesssions, drilling equipment and potential of hitting merely a fraction of its projected numbers were worth more than the $0.03-0.05 trading figures.
Treaty doesn't have to set the world on fire. It needs to execute, watch its debt and avoid bad mistakes. So many companies in Treaty's position attempt to make a big splash, and in doing so they embark on a culture of self-destructive habits, usually beginning with elaborate PRs and or the publicizing of information that mispresents reality.
Transparency and results are what shareholders want. At the end of the day, that's all people care about. As former SMU head football coach Ron Meyer once said, "Don't tell me about the labor, just show me the baby." And as Ronald Reagan once said, "Trust, then verify."
If the company says it's selling oil, and reports as much, then I believe it, then I verify. If the company says it's bought a rig valued at over $800,000, then I believe it, then I verify. If the company says it's purchased additional concessions, then I believe it, then I verify. These are tangible, provable items that anyone with due diligence can verify. Do I personally place a tremendous amount of value in projections? No. And I own stock in KOG, COP, SSN and DEJ as well. I can say the same for their PRs or presentations which often contain projections. I'm more interested in tangible assets, leases, equipment, execution, and then where earnings are following execution. Because those things, in my view, represent sustainble, legitimate upside.
Treaty is a very intriguing situation in my opinion. I'm excited about some of the things I'm seeing within the company now and I look forward to the future. I have no idea where the stock price is in a year or two years. But again, it is my opinion that if this company executes on even a fraction of its projections, then every current Treaty shareholder will make money. Personally, I have no regrets for taking a stake in the company.
Just my two cents, for what it's worth.
That is accurate, DTL. And I think most shareholders who have stepped out to acquire hundreds of thousands of shares and in some cases millions of shares want to hold on to their respective quantities if at all possible.
A reverse split has been discussed by management, but only as a distant possibility and as a boost to get the stock out of "Penny Land" if needed, given the abundance of manipulation with penny stocks.
Fundamentals are worth noting with any stock, but earnings ultimately drive and sustain stock growth or appreciation. Therefore, if the company can execute on its various leases even at modest levels, then it is my determination that the stock price will appreciate accordingly and thus a reverse split will not be needed.
Happy to join in on the discussion here. Became a shareholder in April. Hope everyone had a great 4th of July!