Armada Oil Inc (fka AOILQ)

[Value_Investor]

How much would you pay for this shell after closing the CH7 case? What assets attract you via the §363 sale? How much did you pay for your existing shells (at average cost)? I might consider to buy one CLEAN shell from you if the price is right and the SS is excellent!

Anyway the bid is up 25% at 300K-0.001 x 10K-0.002 now! It seems AOILQ (57,105,473 shares OS and 100M shares AS) won't decline to $0.0001991 (i.e. $0.0002) to match Another the MV ($11,369.44) of CH11-Q peer (22,738,885 shares OS and 45M shares AS) at $0.0005. To acquire this shell at 0.001 from the open market you need to buy at least 28,552,737 shares which would cost $28,552.74 cash.

From Hyper Thin asks of Level2 anyone could drive the price to the much much higher next asking price level (0.01) with measly 10K shares of slapping action at 0.002 (only $20 cost)! Easy 10-bagger run from the current price 0.0008.

Let's see if AOILQ could replicate the peer's 11-bagger Quick rally...