Rocket, just assume the TEAM merger is not happening if that will make you feel better or make you more warm and fuzzy...whatever. LOWMAN asked and was told it will be a majority interest as in greater than 50%. For my money, the scoop LOW has been getting has been right on. It is very obvious that Rees has the smarts to see the coming boom in small domestic O&G and he is trying by M&A to get as big a piece of the service segment as he can in as short a time as possible. The owners of the companies joining up with WRNW apparently see that too. Do we have 100% assurance that this is going "to the moon" and all that sort of stuff? Of course not. But the oil and gas is out there, that is absolutely undeniable. Small operators account for 90% of the wells in this country, that is undeniable. Technology, improved methodology and rising prices are causing the resurgence in opening both old and new wells, that is undeniable. These facts are supported by an abundance of independent data. The acquisitions Rees is making as well as the service company WRNW already owns are not promising to go out and drum up work...they are working and bringing in revenue NOW. They are claiming rapid growth NOW.
So people can quibble all they want to about the PR's or about the size of Rees' office. But the way I see it, I am up 300% because I got in early and the stock is just getting started. It is not behaving with any weakness. Last week some questionable characters tried to shake things up to the extent they were banned from the board by an IHub Mod. For all their efforts the stock bounced back. This week others are playing the same game, yet the stock is doing fine. Yesterday there was no "selling the news". I am sure these games will continue but I don't care. If and when revenues from current and future operations become known one can only imaging the possible returns here. We all know what a non reporting pink sheet stock is. There is and never was any transparency. And yet certain love to appear on the boards at opportune times to inform us of that as if anyone doesn't already know. And if they don't know, they have no business buying these stocks anyhow.
This is not like many pinks I have seen before. It has weathered the storm of early notoriety and settled at a good starting point. From here on out I wait to see what kind of numbers come in from these various operations. I am content to sit back, relax and see where it goes. No use in getting an ulcer over the lack of instant info, I knew it was a pink when I bought it. It isn't going to start behaving like a big board just because I now own some.
jc
