NuTech Energy Resources Inc. (NERG)

[Surmised]

You people are such babies on here. Yes the stock is taking a hit on bad news. Most likely from all of the people shorting it and when it does go up, it goes up fast because people are buying and the shorts have to cover their ass. However, without substantial news, this stock will not rise that far because it will not be able to push past the 30 percent of people that are shorting this stock.

and for everyone saying that the company is diluting the stock, the company must post filings if they start to sell their stock, they are not allowed to just sell stocks whenever they want without saying that they are doing that.

Like I have said before, there are probably so many shares because they are using them for acquisition of the pipelines and the wells. However, this stock is overpriced at two penies or even two pennies. The only way that they won't be overpriced is once they get a substantial amount of gas flowing, but who knows how long that may take.

This could easily be a scam, and this could easily not be a scam. No way to tell at this point. I am not biased either way. I bought at .019 and I am having my ass handed to me at the moment, so I am obviously betting that it will go up. But I am also not closed off to the fact that this might tank

haha I feel like if I ask everyone to stop bantering towards each other on this forum there will cease to be any posts haha