Hey Traxster,
For me this was interesting news because even though it is not the news everyone would like to hear it is at least honest. The question for a long time when the stock was sinking was whether or not this was a fake company just trying to take investors for a ride. But for a while now I have come to believe the evidence that this is a real company trying to make it.
All startup companies are going to have some problems. If the people there did not know what they were doing, they would have already fell under and would not know how to manage the situation properly. The fact is, they are doing what they can to bring resolution to the matter and they have not given up. I believe what they are doing is smart, especially bringing suit to the drilling company for negligence. They mean business.
What we are betting on now is how well the other lawsuit will go. If it is in favor of Bedford, and the well begin producing, the numbers could skyrocket. For one there would be one less player involved.
It is a tough situation, but these people have proven to me that they are in this to succeed, and will do what they have to do without being pushed around from some of these partners or even investors. It would be great to just go out and sink some money into another stock and see it grow a little here and there. But if we believe in Bedford as much as they believe they can succeed, their chances are higher that they will.
I had my suspitions in the beginning when I first joined this site. But I am a believer now and even plan to buy more stock in the next couple of weeks when my next set of funds come through. I firmly believe we have seen a great loss but that it will turn around. Not only would it feel good to make some money off the stock, but it will feel good to me investing in something that I believe in and they succeed.
Being how much I have already lost I say bring on the bad news and be honest which they have done. Drive the stock down a little more so that can buy low and drive down my average. Todays news sounds risky but this is what we are all here for, to take risk and hopefully make money. My investment is on the future of Bedford.
