NuTech Energy Resources Inc. (NERG)

[Surmised]

EVERYONE REMEMBER!! all this said is that the company was considering taking the offer. The PR did not say that they were definitely taking the offer. This sounds like more of the PR's that came out in December when they said things like, Reacquiring pipeline assets pending board approval. Or acquiring 2,000 wells pending regulatory approval.

So, where are these assets they were suppose to get. Why have they not acquired anything yet that they said they were 6 months after they said they were going to get them. None of this makes sense and it is frustrating. Like the share buyback program. They were suppose to buy back shares "PENDING BOARD APPROVAL".

Just be careful. I have already lost my money on this stock, I have nothing left to lose, only gain if this goes up to 2.5 However, just be careful. i saw this type of action in December when they were pumping out PR's and the stock would shoot up at the beginning of the day and it would crash down for the rest of the day.