Jim is the biggest shareholder - but he also loans the company money - basically to himself. Jim makes money does he not with the note % on what they pay him back? But what about the outsiders, such as, that mere public shareholders who acquire through open market? Hell sign me up to loan money to my own company I’m president of right? Kind of an convenient arrangement imo. He
‘ll get his money back - but what about a dismal PPS, for a low energy stock? Something needs to change here - we can have all the potential in the world- however- if the time it takes to announce a new project as they have - but takes too long to raise the right type of capital - where does that leave public shareholders? At .01 and less, is it a shrewd pick up or a stinker down in the otc/pinks?
It has potential - however - what type of term sheet will Corp and Jim agree too? Because if it’s not a good deal that does not offer outstanding capital terms - then why do it? Just to pop 2 holes with APP out there in Michigan Basin? If they do locate financing this time around - please do so that doesn’t repeat the max debacle that put us out to sea for far too many years imo.
There is potential - kern to date - has been their work horse - but Michigan wells if they spud them - could flow well and Michigan Basin can be known for wells do not decline as rapidly. IMO- daybreak very well may need this lease to do well Corp wise with revenues to increase. However it is likely that any future filing will mirror all others where it’s a major negative.
APP has an address - I located it in Traverse City. I am looking at Michigan closer, and will be looking for the location of their 1400 acre lease, to determine approx location to other closest wells and their production.
It’d be nice to see this rise hopefully some day. Look we know Jim has experience and I still believe in him, however, let’s see some promising results for a change in Michigan, and respectively a sweet bargain on a term sheet for capital - instead of same ole same ole. Let’s stick a few wells in Michigan ASAP, and rehab our puny PPS and market cap. Jim needs to get this moving. It would be difficult for any prospective accredited investor (a 144 filer) who has received restricted and warrants to recoup their money - if there is not a healthy daily robust share volume - that would allow accredited investors to get out. That’s just my opinion. Also I believe they were being paid dividends - warrant holders at one point if I can recall years ago- please someone correct me if I have that story wrong or off kilter or I’m correct.
Jim needs to get this going and get market cap up and stay up and start building shareholder value thru a rising PPS- for people to view this in a different light. We can’t continue to trade at these levels with scant volume.
Potential - sure. Can he deliver to shareholders a higher PPS, like years ago? I believe he can - question is will he. We’ll see.
AI
