It has been told to me by the management, that they have full intentions of re-listing the stock. They have even stated that pubically on the company web site. So, yes I do think it will happen.
Yes, it has always been my feeling and also experience that a company needs SEC compliant financials at the least. Broker / Dealers won't touch a company with a ten foot pole without them. If you go that far, you might as well be publically traded as well. Energy company's always need capital. They never have enough capital. So,it's my opinion that a company should have as many tools in their tool box as possible to allow this to happen. Most small energy company's fail because they don't fully understand how to raise capital correctly. Part of this is because most small company's are ran by glorified oil field promotors, not true and tried businessman with successful track records of value creation. This is why I gave so many poster's here such a rough time when they would say.. " They have no money for financials. How can they drill well's?" When you hear this type of talk, it is coming from someone who has a very limited knowledge of capital raising and all the avenues available. This is the difference between someone who has a clue and someone who doesn't. It's the difference between success and failure.
