I'm not sure that the pps is the goal, they can make just as much if not more by being a share and pr. factory, however the current pps has made that somewhat diffiult. Relying on the PPS to be high enough to shovel shares out the back door is a dangerous game, and they cant do that at this price with the current # outstanding. However, the market has gotten wise to their game and doesnt react to "good" news, so it is actually forcing these "good christian men" to do what they say, which is to file financials, which I do not think they ever will do. It will always be "very soon" but never happen, in my opinion. I actually feel that if they cant backdoor more shares, they are facing a long,slow death.
One other thing, if their oil leases were so great, how come they can't find a partner to drill? Oil almost hit $80/bbl and nothing is done? I wonder who's divining rod they used to figure out how much oil is down there?
