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Re: vole post# 16560

Tuesday, 09/19/2006 10:35:57 PM

Tuesday, September 19, 2006 10:35:57 PM

Post# of 35788
My take exactly, vole -

I thought that the announcement that they were going virtual was "camo" to act as a mask or innocuous header to announce the increase in shares. I guess they were timing the press release and constructing it precicely to try to minimize any price effect that might happen. I think this attempt is prudent because the new shares are probably not really dilutive because they are either earmarked for eventual purchase via warrants or they are restricted (or both).

In any event, if the effect is that the price drops tomorrow, it is a buying opportunity.

Also, it needs to be recognized that this is exactly how a company buys a bigger company. It is typical to buy hard assets with shares and warrants for shares, usually accompanied by cash as well.

IMHO, the one thing BIGN need to do (apart from having two successful wells in Grimes and delivering on the LOI) is to firm up its relationship with Hydroslotter. If they have a firm relationship with Hydroslotter, they will be able to further exploit the Sacremento River Valley field (actually Grimes and similar nearby fields), which has a lot of activity from companies like ASPN.OB. The reason is twofold: first, because the Hydroslotter folks are out there and could quickly move from project to project efficientl, and second because, as the record of ASPN.OB shows, once you get the technique for punching successful wells in these California fields, repeatedly doing so in cookie cutter fashion is where the money will be made. Strengthening their relationship with Hydroslotter will allow the knowledge obtained thusfar via the wells they have done to be built upon and repeated. IMHO, that is.

Any price decline due to weak hands misunderstanding that new shares are normal when purchases of this kind are being made... well, any dips are buying opportunities, IMHO.

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."