CGrowth Capital Inc (CGRA)

[Prudent Capitalist]

ROTFLMFAO! It has been well over 4 years since Bill Wright announced that CGRA had acquired around $680 Million in supposedly proven oil reserves (at the then market price for oil) for just a little over $3 Million, and we still have not seen anything other than sand and water found in one well. The guy that sold CGRA the West Salt Creek property full of old tired and worn out wells has likely been laughing all the way to the bank since the Fall of 2013.

And, still laughing from Wright's quote in the PR of how he could stand on the new CGRA holdings and literally throw a rock over onto Anadarko's Salt Creek holdings next door. LMFAO. We still have not ever gotten an answer to this question: if it was that great a deal and there was actually $680 Million in proven oil reserves available for just a little over $3 Million, why hadn't/didn't Anadarko, with all of its equipment and expertise already there in the area right next door, so close that Wright could throw a rock over to the Anadarko properties, not already snapped it up. They obviously knew something some are still finding out, IMO.