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Re: it_happens post# 53339

Friday, 09/21/2018 12:49:58 PM

Friday, September 21, 2018 12:49:58 PM

Post# of 79322
Agreed. There was no mention of rig sales. So I believe their predictions are based on organic growth. You got to remember, in the regular investment world a 500+% increase in share price over 5 years is a flat out home run.

Only in pink land could that even remotely be considered disappointing due to a couple of factors. The first factor being risk. I learned years ago playing options and spreads in my oil trading that you had to "hit home runs" with some consistency because 70% of all options contracts finish OTM (out of the money). Meaning your winners had to not only make a solid return, they also had to cover your losers. Penny stocks are the same. A good penny investor with lose on 70% of the companies they invest in.

The second factor is the due diligence that all of us have done on this board, and shared, is many times greater than any stock advice company. We have grinders here that will find stuff others can't or won't invest the time to find. A good example is the poster who found the oil rig lawsuit and brought it to the board. Look at the DD packet Sweets put together for everyone. We have visited the OKC facility and provided photos. We have many who call and email the company. Some have contacts inside the company. We have a good idea what a complete oil rig refurb is and the latest PR from the company is a knockout in both sales and profits, and we know it. Many don't because SSOF is not yet on their radar.

So we all know if this stock is at .0566 in 2023 it is a disappointment. IMO we should be there soon, certainly before year end.