alledged is a pretty loose term...Alot has been "alledged" here in the last year and a half.
All they had to do was increase AS to 750,000M. Float a decent PR and Sell 200M shares for @ .04/sh(NAV, supposedly) would have yeilded $8Million dollars!!
I dont think the stock would have dropped this far if they had a plan of action. All this talk about "alledged" production fron #11,12, Nash is a joke. Why doesn't CB inform his shareholders? Because
A. nothing is their of value to report or
B. he want's to own this compnay outright in a year or so which leaves nothing either way for the shareholder.
g
:from another post:
"Production, we know the existing wells are eeking out comparetively small amounts of O&G. The Padgett 11 is alledged to be a $1-3 million dollars a year well. The Padgett 12 is alledged to be 2 times the Padgett 11, and the Nash Murphy is to exceed both of the Padgetts. They claim an additional 6-8 Padgett 11's exist on the Padgett lease (with the 5 million dollar people waiting in the wings)."