I have just spoken with Mr. Jerry Griggs,
This morning, Monday, May 28, 2007, I placed a call to the RGNO offices and left a message.
Within the hour, Mr. Griggs returned my call.
Folks, he returned my call on Memorial day, a National holiday when virtually the entire country is taking a rest, spending the morning with their families and making plans for the holiday, everyone but Mr. Griggs.
He is working.
I have to tell you something, you have really chosen a good man to put your money behind as shareholders.
In my time, I have spoken with many public company CEO's and Presidents. Those officials pale in comparison to Mr. Griggs.
He sounds like a middle aged man, he exibits a strong personality, his voice overflows with determination and vigor. A booming clear voice, powerful, knowing what his mission is, and how he will succeed.
Intense, driven, a man without a tie, but with many successes under his worn belt, and many more to accomplish.
Folks, Mr. Griggs is America.
He agrees with our efforts here to convince Ameritrade to do the right thing.
He has retained counsel to address and finally settle this important issue with Ameritrade.
In our nearly 20 minute conversation, he explained that the counsel RGNO has retained is quite aggressive, and is without question, qualified to represent the Company on this issue. The counsel is licensed in many states is most respected in his field.
Mr. Griggs has spoken to Ameritrade about this issue in the past, to no avail. He had no choice but to take this extraordinary action, it is hurting his company, and yours.
He applauds the efforts by the good people here on this forum to contact Ameritrade and voice their respective concerns.
He is doing all he can from his end, by putting his counsel in action to help get this cleared up. He must grow the company, its his job, and he knows it. He has not ignored this appalling situation with Ameritrade.
Folks, do not give up on this, I implore you to continually send your complaints and concerns to Ameritrade. Even traders who are not Ameritrade clients may place a complaint on the AT site as potential customers who are questioning their stance.
Active AT customers will have the most influence in this situation, tell AT via email and phone that you are looking for another broker as they are refusing to process a buy order on a company that is fully above board, a firm where Company officials are reachable, a Company where the transfer agent is not gagged and reachable.
All the while, they allow mindless trading on complete scams and share diluters.
This is your mission folks, get on it now.
Griggs is taking care of the Company end of the mission.
Do you know that RGNO got 4 new wells online just last week ?
Did you know that despite the heavy rainfall in the subject well area, that they are still making significant progress, beyond even Grigg's expectations ?
Did you know that the Company has much to report to its shareholders, more than you can imagine, but has prudently chosen not to release it due to the current trading restrictions and its obvious effects on its stock ?
These are the actions of a very smart businessman, its like knowing what well to work on first, should he spend an equal amount of time on a well that has historically had low production relatively ? Or, should he spend his time and money on a well that has much better possibilities ?
He wants bang for his buck, he wants bang for your buck, they are one in the same.
If you want news, get busy with your mission and get the Ameritrade restrictions lifted.
He is not going to release any more news as conditions exist, like it or not... its not a good business decision.
News is to update existing shareholders and attract new possible shareholders.
As it stands at this moment, when potential new shareholders hearing good news from RGNO from the wires or their friends, go to their Ameritrade account and attempt an order, here is what they get:
"Opening transactions are not accepted for this security"
Now, you and I know what that means, and why that message appears. We have the luxury of being a part to this forum and are informed. Most do not have this information available to them.
What would any potential new shareholders think? Would that statement by Ameritrade give any comfort to them about the stability or reliability of RGNO ? No, quite the opposite.
I'm telling you folks, this has happened on hundreds of occasions, the result ? A potential shareholder that had some interest in RGNO simply does not pursue it, he or she just figures that the largest retail broker in the world, has good reason not to allow trades, and that they are in fact protecting their best interests by not allowing them to buy it.
Do you think this potential shareholder searches the message boards, changes brokers and buys RGNO?.
THEY WALK AWAY FIGURING THERE IS SOMETHING FISHY WITH RGNO.
Can you argue that assumption folks ? Its a fact. It makes sense, it is happening, more than you know.
Sad thing is, all this is happening when oil plays are getting maximum attention.
It is a fact that TDAmeritrade is the largest retail broker in the country, this means that nearly 30% of the possible buyers out there are blocked. As I have mentioned earlier,
Its that simple.
Do something about it, this issue should be trading in the .25-.30 range without any news.
Get busy folks, the money is there if you want to make an effort,
The only news worth hearing on this issue is an announcement that AT has lifted their restriction on RGNO.
I am going to work behind the scenes and do what I can as a AT client and AMTD shareholder.
All other issues are secondary at this point.
Get it done.
