Supurva Healthcare Group Inc (SPRV)

[jcrom56]

Let's keep in mind that this is an Oil & Gas company that is in the business of reworking wells, drilling new wells and providing drilling, service and maintenance to the domestic Oil & Gas industry. We speculated that Mr. Rees was brought in to grow the company's footprint via mergers and acquisitions. We see that he has started doing that. The Float plus the privately held shares were almost at the A/S when he got here. I read the expression on the board "I am out of dry powder" all the time. Well, Mr. Rees started without much "Dry powder". We know from PR's that WRNW is planning to increase it's footprint in the sector. We also know that he has said a letter to shareholders will be issued soon detailing where he intends to take us. If I had read that WRNW had entered into an equity financing agreement with some death spiral offshore hedge fund I would be concerned. But all I care to see at this point is some production numbers and income statements from the service companies. As long as WRNW keeps everything "in house" all that matters will be how successful they are at what they do in the O&G sector. The domestic O&G sector is just starting to heat up. By this Summer's end we should see a lot of growth , IMO.

jc