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Re: reaper247 post# 3050

Wednesday, 08/26/2015 11:33:05 AM

Wednesday, August 26, 2015 11:33:05 AM

Post# of 4188
"I've already won."

And so you have. If one buys penny stocks, eventually one will get enormous returns. There is little doubt someone made money trading Bering Energy, for example. If you have a knack for finding companies that people are willing to pay too much for, good for you. You can and will make a lot of money. You were on the winning side of those 95 cent stock trades. All I can crow about is that I wasn't on the losing side and I was warning people against buying at that level.

There are and will be more like CF out there and you can make money, but us mere mortals have to stick to whether a company will ever make money. All the public evidence points to:

BECC has never drilled a commercial well.
BECC can't keep books.
BECC brings nothing new to the business.
BECC has never made money.
BECC has fired a third of its employees for ripping it off.
BECC is slow to drill.
BECC is slow to report results.
BECC overestimates well performance ability.

If that is the kind of company you like, good. There is little doubt this is high risk and has the potential for high return. One profitable well or one profitable quarter and I am sure you can find someone willing to pay double for this stock. Foolishly in my opinion, but you can find them.

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