Armada Oil Inc (fka AOILQ)

[biztech]

Days away from turning point. November 14 is right around the corner. Either they raise funds and begin producing to validate their existence as a public company or they give up and cease existence.

I think there is too much on the line to fail and at the minimum management may be setting the company up to weather uncertain times in the oil market. High risk, expensive exploration efforts are counterintuitive here.

Better to build up cash flow and maybe hedge production until OPEC decides to regain control or give up influence on the markets. I think that if Saudi's do nothing in November that signals the beginning of cuts for many oil producers which will balance out the excess supply and the price will recover.

This could be good as prices for equipment and labor may drop out of desperation and maybe Armada management can capitalize on that in the future.

I bought more during recent trading days. Good luck