Friday, July 11, 2014 10:39:27 AM
The good news from your post is that the float is now down to 167,000 shares. This is quite impressive when I think about it. It wouldn't take much good news to send the share price up to $10 or higher, in my opinion.
No more good news and this company has really had it. That is probably true. But a little good news, like starting to drill in the Utica, and up we go.
No doubt it is a gamble, but most folks who invest in stocks that trade at less than a penny, like FNRC did before the reverse split, understand the nature of the gamble and are willing to take the risk at that level.
Now that we are above a penny, this stock could be a traders dream if Mr. Norris could just get the ball rolling with his first big oil well.
Cropduster
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