That makes sense, markrhead. Thanks for the info. Now my question is would shares bought say tomorrow (Monday) be subject to the split? Maybe it would be better to let everything settle out, then buy, if someone wanted in?
FWIW, I went to the website for XTMG, and checked out the pictures they have posted for the West Thrifty Unit lease. They gave me enough info to search the RRC database, and also where the wells are. (I didnt mean to insinuate the wells didnt exist in my previous post!)
The RRC shows that the producer, IRA Oil & Gas, pumped 1,699 BBL of Oil, & 7 MCF of Gas the entire year of 2006. In fairness, they show "No Report" for November & December, but thats probably just another red flag, IMO.
I guess I am wondering what XTMG is getting 22 1/2 percent of, lol.
I am going to try to contact the company, or at least the investor relations contact they have listed, and the T/A on Monday, and will post findings, if any. Meanwhile, thanks for the education, so to speak.
Also, Pink Sheets shows A/S 250,000,000 2/11/05
O/S 8,145,500 1/22/07
Mkt Cap 48,873 1/25/07
I will try to get correct share structure, and restricted count, if available.
~jj
