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Sunday, April 09, 2023 3:26:10 PM
I like that there's revenue. And I understand that netting any profit will take time as the shut-ins continue to get re-worked/capped. I understand that to reach full potential at these leases, there may need to be dilution.
I do not have any hard feelings toward Mike. I stayed in XFLS because the dilution was not as extreme like it was in many other OTC. I cannot even list how many companies I have seen go from 2-300M to 7 Billion OS in just a few months... Mike may not have diluted to this extent, but you gotta admit he did burn XFLS shareholders. He has a history of late filings. He's horrible at communicating. What's going on with all the equipment supposedly purchased under XFLS? What's going on with the debt arrangement? You'll have to forgive me if my notion here is to "proceed with caution."
If cycle keeps its head down and re-works the current leases, while keeping filings up to date without late notices, and the twitter numbers match the filing numbers. Then yea, I will probably take an interest here... If there is an 'expansion' PR upcoming prior to any real numbers being produced via filings... Well, I will be running away at a fast pace...
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