Reaper, I am not sure how you can be sure that no one has ever promoted this stock. Personally, I have no reason to think it happened.
There has been company promotion and person promotion and had it had anything to do with reality, I would be cool with it.
You keep pointing out that we don't know about BECC's royalty property or other property, but the company did file financial reports indicating they had very little in assets. They also filed a reserve report showing very little in proved producing reserves. So yes, the company has disavowed the financial reports, but is that a reason to assume more assets than reported? BECC has mentioned a handful of wells in its corporate presentations, all non-commercial. Outside the corporate presentations, some, but not all, of the ND wells that Breitling O & G participated in for a miniscule ownership decimal, were good wells. There was a horizontal well in Texas that might payout.
So unless BECC has a pentiant for only mentioning failures, they have a poor track record. Industry Leader? Frackmaster? And where did that two million a year in research go. What new thing did they come up with?
So, bottom line is that BECC has made it clear that they expect their revenue to come from overrides and management fees, but they can only exist and grow by continuing to attract investment. I think that time has past. When the sheriff comes by to pick up the office furniture, Faulkner's public persona may fall off.
