Today's move up didn't have much to do with the price of crude.
Today's move had to do with a news leak.
In my opinion, news has been leaked concerning their ability/willingness to pay the $21.7 Million interest payment that was due Feb 16th and were granted an extension on.
They have cash and credit of over $700,000,000 so I'm not certain why SDOC languished in the .04/area of support for as long as it has.
I've got 100% of my investment capital back and locked in a nice chunk of cash on the .14/share sells. Riding 300,000 free shares into whatever positive news hits on this leak.
Don't you wish you were part of the group that got tipped off?
I do.
I probably wouldn't have sold ANY shares. I would have averaged UP substantially if I knew the news ahead of time like the big boys did today.
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