Snowcrow - pretend that for a moment, you have no moral compass or scruples - in other words, behave like Joe Lanza:
(1)Purchase a bunch of non-producing stripper oil wells from sellers eager to sell at reduced prices for obvious reasons.
(2)Announce to the world that you are in the oil exploration and production business.
(3)Issue and sell stock to greedy, unsuspecting investors who are looking to make a quick buck - there are plenty out there.
(4)Hire a RedChip (& others) to promote your company.
(5)Inflate your production numbers beyond belief.
(6)Let investor madness take its course
(7)Retire a multi-millionaire.
Any questions as to why anyone in their right mind would buy near-worthless leases?
Perhaps, as you were making your millions, you realized that money COULD be made in acquiring oil leases and you splurged for producing wells, or promising locations.
Perhaps, just perhaps, you may have taken the company to a whole new level - a level which just might generate a positive cash flow. Eh?
Now forget your name is Joe Lanza.
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