Asus-
"I have sat down with my friends and crunched the numbers as best we could, and we don't see the value being much more than half a penny at best, right around the old support line."
Just a question, what numbers have you ran with your friends that puts the company at $.005 other than that is where some would like to buy it at? Is this based on the theory that they have sold 250M preferred shares that pay a dividend? This seems extremely low by any fundamental valuation that I know of unless you are basing this purely off of the lowest resistence level on the chart (.004-.006).
Since I have just been watching and buying this one recently, I would love to know your opinion. As for the oil, KY was always a bad purchase unless they intended to use BIGN/Hydroslotter's technology on those older wells to make them worth the effort. As for the western land leases, it takes more liquidity to drill those wells than they have at this time. Still doesn't mean that it wasn't a good purchase for future profitability. As for the chart, it seems to show indecision at the end of consolidation doesn't it?
Ren
"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
www.younglife.org
