Eik, all what you report/speculate about makes sense. After all the parkin-era hype, I remember the co. president saying that $1.00 per share is achievable in 2007. I remember that because it was a bit of a shock after all the parkin-engendered hype that had been going on. But, looking back, I think the fellow was simply being honest in light of his own knowledge of assets and production capabilities.
I suspect they are very frustrated with this pink-sheet trading jungle. The type of merger-related activity you describe is very logical and a sound way business-wise to get quickly towards the correct market valuation that the nwog insiders seek. We are just noise to them, and sometimes irritatingly bothersome. But, they do continue to aspire to the wealth creation that is the point of their oil business enterprise(s). Even though they've got the goods, they probably now realize that the trader mentality dominating the pink sheets is now simply an easily-removeable roadblock to the speedy achievement their clear objectives.
Heck the price of gasoline is going up to over $4.00 per gallon this summer (it is already $7 to $8/gallon in Europe). They are dealing in the liquid gold business; and they know it. To hell with the pink-sheet cesspool. They can simply ride over that "little bump" in the road. It is no roadblock after all.
And if in the process a large naked short position gets burnt, well it couldn't happen to "a nicer bunch of guys". LOL
Market Data 
Markets 
AI
