Hold on a second here. Most of us have been in this position before with this stock. No news has been released and we run up close to a penny and everyone starts talking about how rich they are going to be and how good a job CB is doing. The fact of the matter is, we don't know why this thing ran up today. Could be MM's, could be upcoming news. But we have seen this before...and then we end up back down (or below) where we started.
What CB needs to do is provide a steady stream of good results that shows the market he can drill. To date, he has not done that. Not once.
We know he can purchase a drilling rig with our money and we know he can file permits, but can he drill and hit O&G? I think most of us just assume he can because we want to believe it. We (and the market) need proof that he can do what we say he can.
After all, there are only about 400 record holders. How many more can you attract with this sort of silence? My guess is that the cat is not yet out of the bag and that today's run-up was the MM's doing what they do.
Maybe I am just being pessimistic because I have had a sh&tload of money in this for two years and have seen this way too many times and have not made all that much on my investment. However, something tells me that if there is not news tomorrow morning, we fall right back down to 0.58. I really hope he proves me wrong.
AI
