Terra Energy & Resource Technologies Inc. (TEGR)

[pnnymn]

Hey these guys are issueing themselves warrents @.21 a share. I dont think they want to come out on the nothing side of things. They could have made it .01 a share convertable warrents but they didnt. So .21 seems to be a good price to get in at. Also remember an earlier news realease...................CompuPrint, Inc. Announces Conversion of Debentures Into Common Stock at a Significant Premium to the Current Share Price
Monday September 25, 7:30 am ET
Transaction Eliminates Company's Debt


NEW YORK--(BUSINESS WIRE)--CompuPrint, Inc. (OTCBB : CPPT - News), an energy technology company that combines satellite-based technology with traditional exploration services, announced today that investors have converted all $5 million of its outstanding debentures into common stock at a conversion price of $0.50 a share, representing more than a 150% premium over the current trading price of its common stock. The transaction with Enficon Establishment, and its affiliate, Kiev Investment Group, resulted in the issuance of 10 million shares of the Company's restricted common stock in exchange for the surrender of the $5 million of debentures that had maturity dates of December 31, 2007 and 2008.
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"We are pleased that after experiencing first-hand the value that our STeP® technology added to the drilling efforts in our first two wells in Texas and Nevada, and after reviewing the reports of independent geologists and well known expert oil industry consultants about the performance of STeP under challenging wild-cat drilling conditions, Enficon Establishment and its affiliate, Kiev Investment Group, have elected to convert their outstanding debentures into common stock at a level significantly above the current price of our shares," said Roman Rozenberg, Chief Executive Officer. "This conversion of all of our outstanding debentures removes all of our long term debt from our balance sheet, and will be helpful in our pursuit of oil and gas properties in which to deploy our promising technology, and to further the development of properties we already own..............................do you think these guys pan to throw away 5 million bucks. So maybe any price up to .50 is ok too. Plus these guys seem fairly open to me. they wont say anything that is not a public record so in some things you just have to read betwen the lines. Taking these two new release how would you read between the lines. Sure Im not enthused about the increase in authorize but I dont see them simply diluting the authorized for nothing anyway. These guys want to make some mula too. I am currently trying to get info on how much they are getting or might get from all the leases, licenses and working interest they ALREADY have contracts with. I have not sold a single share and plan on holding because I think it will appreciate significantly. If you shake this tree hard enough only the nuts will fall out. I also hope that you will join me in trying to obtain accurate information on CPPT and getting the word out on what may be a significant find. But you got to look long term. Its the only way. I hope some of you will call the company and encourgage them to try to get on the AMEX as soon as possible.