SandRidge Energy, Inc. (fka SDOCQ)

[Smilin_B]

I'm not certain if your post is directed at me, but why would I have purchased shares of this stock at $0.20 when it was NYSE listed, then averaged down substantially at $0.04 and $0.05 , if I was under the impression that Sandridge Energy would be filing bankruptcy?

All of the information you just posted, has been disseminated and read by Wall Street analysts and highly respected fund managers and advisors.

Yet, there is no ominous underlying bid under the common stock. I am NOT a bond trader, and therefore do not know what Sandridge Energy bonds are presently going for, but in situations such as this, smart money finds purchasing debt, more palatable than purchasing the underlying equity. Institutional and individual investors are steering clear of this stock until the dust settles and the company itself, at a corporate level, makes an announcement that it has a viable business model and has sufficient enough resources to weather the downturn.

Rarely will you find institutions loading shares this cheap, without confirmation and clarification from the company that things have indeed stabilized and forward-looking vision is clearer.

Why do you all think that Sandridge Energy has not issued some type of statement to calm investor fears? Why are they merely allowing the share price to linger in a sea of doubt? It's bad enough that they did not do something like reverse split the shares so that they could remain listed, but why would they allow the equity to go to damn near zero like this? Don't they value their own shareholder base?