Strat Petroleum Ltd (SPRL)

[slice8]

If it does not go lower, it will be the first time out of about 400 times where I thought it couldn't go lower and yet did...

The afterhours trade of 940,000 shares is another indication that the dilution continies. There is no reason to believe that it will stop on any given day. If anything, it may increase as more shares are needed issued to raise the same amount of capital. If Sam had any real news, he would have released it by now; price would rise and he could issue fewer shares. News will come when there is news to report.

As for SPRL being real or a sham, if the stock rebounds it will have been real, if it continues to slide with continued issuance of hundreds of millions of shares (not just several million), then it will have been a sham. Gut check time fellas.