Thursday, April 28, 2016 9:49:38 AM
Just to pull things back on subject, the problem with BECC drilling bad areas and hyping bad wells is that disillusioned direct investors are created. Completely new direct investors must be found and that takes money. It takes PR firms who are paid. It takes media outlets that are paid-up. It takes industry magazines who expect to be paid.
Now, BECC can form up an indefinite number of corporations so that its name and Chris Faulkner's name are not associated with the "retail" operations. Investors who fail to research the connection are just what BECC is looking for. So Patriot Energy and as many reincarnations as needed can continue to find virgin investors, but regardless of name, oil finding talent is needed for the exponential growth needed to justify even the current stock price. I have seen many companies like BECC and actually tried to name some on this forum, but was deleted. My guess is that CF and his friends will not make it to the next price cycle.
The above is my opinion and admittedly, I am still bumfuzzled that CF achieved the credibility he used to have, so take my opinion for what it is worth, but remember I have been right about all things that matter. The only mistake I have made on this board is that one time I thought I was wrong (old joke, I know, but it is basically correct).
I am sure that there are traders who have made money and lost money on BECC. As far as I am concerned, traders in these effectively defunct penny stocks are in a high risk business and they know it and they can take their chances. I have no problem with that. I do have a problem with CF as a representative of the energy business. I think it was a mistake to give him a pass because he was promoting fracking. When he is discredited, everything he has said will be discredited. A lot of what he said was correct. He is relieving money from the uninformed and perhaps momentarily careless. I don't like that. It is embarrassing to the industry and makes it harder for legitimate oil companies to operate. It also invites costly regulation.
For those of you who like high risk trade, buy or short or whatever you do. Heck, BECC might be the target of a reverse merger.
And by the way, this information comes from the driller and from the logger. These are the original sources that CW would use to determin the depth of the well. I just can't resist:
Now, BECC can form up an indefinite number of corporations so that its name and Chris Faulkner's name are not associated with the "retail" operations. Investors who fail to research the connection are just what BECC is looking for. So Patriot Energy and as many reincarnations as needed can continue to find virgin investors, but regardless of name, oil finding talent is needed for the exponential growth needed to justify even the current stock price. I have seen many companies like BECC and actually tried to name some on this forum, but was deleted. My guess is that CF and his friends will not make it to the next price cycle.
The above is my opinion and admittedly, I am still bumfuzzled that CF achieved the credibility he used to have, so take my opinion for what it is worth, but remember I have been right about all things that matter. The only mistake I have made on this board is that one time I thought I was wrong (old joke, I know, but it is basically correct).
I am sure that there are traders who have made money and lost money on BECC. As far as I am concerned, traders in these effectively defunct penny stocks are in a high risk business and they know it and they can take their chances. I have no problem with that. I do have a problem with CF as a representative of the energy business. I think it was a mistake to give him a pass because he was promoting fracking. When he is discredited, everything he has said will be discredited. A lot of what he said was correct. He is relieving money from the uninformed and perhaps momentarily careless. I don't like that. It is embarrassing to the industry and makes it harder for legitimate oil companies to operate. It also invites costly regulation.
For those of you who like high risk trade, buy or short or whatever you do. Heck, BECC might be the target of a reverse merger.
And by the way, this information comes from the driller and from the logger. These are the original sources that CW would use to determin the depth of the well. I just can't resist:
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