RGNO PLEASE READ!! this guy is a real pro. I LISTEN when he talks like this!:
Posted by: STRONGUS In reply to: None Date:5/18/2007 4:34:57 PM Post #of 13729
RGNO Important update reposted for new comers..
RGNO Exclusive Update I was debating whether I should post my conversation with Jerry because I wanted the PRs to talk instead of hearsays. FWIW, I thought I would drop in a few lines about our conversation as an afterthought. Here are questions and Answers without much ado.
#1) I asked for about the share structure. This is of very big importance to me. I got the confirmation that nothing changed. The O/S & float are still same and THERE IS NO PLAN to increase the A/S (this is exactly what I wanted after seeing what happened to PMCL a few weeks ago). Our market cap is the lowest I see for a producing oil company.
#2) Leatherneck is just an operator and the wells belong to RGNO and revenues will be counted towards RGNO. This is a strategic decision to keep RGNO at arms length from legal trouble. Everything that is PRed for RGNO belongs to RGNO. No doubt about that.
#3) PR blitz is planned for the production numbers at regular intervals. Jerry thinks the current stock price is a joke. I am not going to put out the fair value he gave me because I don't want to be called out for pumping. Huge gains will be seen if we get there
#4) I never heard him sound so aggresive on shorts before. At this point he is convinced that this is being shorted big time. There seem to be a plan in works to over come them shortly and I think it will be put in place around the time the PRs start rolling.
Bottom line : This stock price is a steal IMO. I am betting on all my years of experience that 2.5 cent is a good price to pay for this stock. I am positioning myself to be fully loaded before the PRs start flowing. It is only matter of days. Next week should bring in plenty of smiles. I don't give up, folks. See where the sentiment for PMCL a few days ago and what it is today. RGNO is next.
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