I completely disagree.
Whether it is Sanders or not examine the market for AMEP right now. CB could announce he has cured male pattern baldness. With the R/S and preferred issue hanging over the stock we are sitting on a stock with very little upside. I have stated ad nauseam we are a sitting duck.
Everyone wants a dollar or ten cents but the stock is offered at 4 cents.
So let's do the math, if the Padegtts can do 4M and the high what? 5, 10, 15,? What would someone pay for that?
A lot more than the current market cap of 20M. As GEH explained to me, these wells are like an annuity, they can last decades. A steady income stream for years on a 20M dollar investment?
This is precisely what should happen to an undervalued stock. It gets bought and in the end you have to wonder if it happens how CB could let it get away. All he had to do was take a lesson in communication 101. Remember, he does not get paid if they get bought.
So memo to JC, scrap the R/S and announce the HIGH and Padgett12 ASAP and get the stock up. That is the easiest way to prevent a hostile.