I posted this on Raging Bull
Unfortunately, RB has become more trash than anything but it's where I started and felt an obligation. I believe in the company, even now. All of the hard work is done, the prospecting, refurbishing, locating sites and as luck would have it, we stumbled upon the "new" Nash, in spite of ourselves. Think of the future, many more wells with sites that will produce. thousands of Barnett acerage, drilling rigs but no money to go forward. I would not like to think of another 3-4 years in this stock. I want to cash in and leave and with the R/S, I believe we'll see a 10-bagger from here. I'm with Green...and the other larger shareholders who will vote sensibily and not with anger or frustration toward management. Yes, we could have received more news (of nothing really important) and yes, we could have hired a PR company to put out regular releases (with the money we don't have) and yes, we could have "promoted" the stock (only to have it fall again) I'm as upset as you...but more concerned about the smaller shareholders who are plastering nonsense on the two sites. (I.E. I'd rather see the company go bust than vote for the RS) Here's my RB post
I posted this on June 19th
I cut and pasted my last post and feel that it's still pertinent. I will vote my "millions" for the RS b/c I'm selfish and want to make money from this stock for me and my family. I still believe in old CB but not in his timing. Had he announced the Nash and the two Padgett Wells our stock would have been well over a dime. Think about it, Bitters has me and probably many more multi-million shareholders that will vote in favor of the split. Wouldn't it be nice to see all the news coming in spurts right after the RS to support the new price. I'd do it exactly in that way....Don't be foolish. You're not interested in running this company or litigating (or killing it). Support the company for whatever reason you can find, vote for the RS and await the news that's sure to come. (here's last month's post) AND good luck to you all...remember...everyone has a right to their opinion
To Nip and all
Yes these 3-wells will fully put us in the black and yes they could be used for future growth, bit by bit. In my almost 50 years of investing I've learned to never become married to any position. I take a little off the table with all the big moves (a very hard lesson to learn) and with last year's run-up, I sold enough stock to buy a full share in the Nash Murphy AND get my money back. I want what we all want and I believe that is appreciation. I could care less who owns what and/or what the authorized number is. Give management the RS and CB his 30% more or less and realize that any stock that's issued will be restricted...with a 2-year holding period. Get a few more wells drilled into the now-pruven Hart lease but this time real commercial "million-dollar" horizontal wells and watch our share price zoom. I'll be out by then and the next group can take my place. Suggest you all do the same..
AI
