Armada Oil Inc (fka AOILQ)

[biztech]

AOIL at a standstill until new financing or acquisition. Needs assets and income to turn on the lights. I was really worried about oil prices plummeting and/or stock market before end of year 2014. Oil prices happened, stocks didnt right before I could buy put options on oil to hedge against this position. Randy is a smart guy, he's turned poop into ice cream before so I think he can pull it off. Plus he has a big interest to do so.

My concerns are operating income to cover expenses (randy decided to forfeit salary).

2. Finding a partner to start drilling in Wyoming and generate revenue and pay off or settle the cost overruns drilling the last well (creditor filed lien).

3. New financing since the line of credit is now a term loan with deadlines.

4. Aquire new properties.

Looking forward to something happening in the near future. Now is the time to buy on the cheap maybe not the first thing that presents itself but after a few looks.

Good luck here, oh I forgot I think one of the directors is going to have his shares reset to a lower buy price as a result of the stock decline. James Cerna I think. This could or could not be the cause of added volume and price declines to .035.