There’s always a possibility he could bail on this Corp - you are right - much time has passed since he came aboard. That’s always been the case here. But he has 20 wells in California and avg cost to produce is pretty low- well below typically. It’s a wait and see. Consistent flow of PR’s, to their shareholders dried up years ago. However, with max out of equation and JW went into, once again another state, like he did in KY. He’s still out there, out where the buffalo roam and deer and the antelope play, like the Lone Ranger. I wonder if he has spurs on with a COLT six shooter, riding his horsey?
But...he may have grown a beard, bought and holed up in hotel/casino in Vegas, not cut his fingernails, toenails, nor cut his hair and pulled a Howard Hughes on us.
Maybe - he’s hanging with Kim Jung Ill in North Korea.
Wait - maybe he’s been selected by Survivor producers and taping on a tropical island for 6 years.
I mean god only knows. Love the transparency with JW- like literally.
Last x amount of years with the entanglement with max -there was no interest or real pressing reasons in creating a value shareholder play here on the PPS, at least as far as shareholders goes last x amount of years. Let’s be real, and I mean real real. Look at what and whom they went too for finance - the Benji’s baby. Well now that’s finally ran it’s course- what’s ahead for the corporation and shareholders- that still stuck through this with them?
However - is there a potential play with daybreak - I would not say no. Because there’s always a chance. Do I suppose it could awaken from THE DEAD. Sure. When - who knows.
Small super tiny companies like this usually drop out of filing 10k’s because cost of auditing is too much and there isn’t usually much activity on basic shells such as this - with mm’s etc or investors.
If it ever rises off the metal coroners table and achieves the elite heights of say .03 to .05 range then market cap could benefit in attracting new fresh meat to the Lone Ranger once again such as 8-10 long years ago.
It is however, for a purely speculation play - could awaken eventually and at these throwaway pps - it could prove later to turn a little slight green - would/could make a few bucks.
It does have potential, I always believed in Jim and will continue too. Max was a pretty big issue for him and the company - that was always understandable and how he proceeds from here along with other directors is entirely in their lanes. At these crazy crazy cheap pps - someone could be investing into a dead shell with any real trading occurring with little to zero press, or they could be investing into a shell, that suffered some setbacks, that after getting out of max situation, could have ability to rise up from the ashes. I would tend to believe, it is the latter. As always - never in a hurry with Jim and he has skin in the game and as a shareholder - I prefer that.
IMO- it could be an opportunity.
AI
