It's good to feel that one's investment is paying off, and so far this hasn't. While that's not exactly rare in the investment world, it has been a long wait, and it hasn't been a joy-ride this last year with the long period of SEC oversight, the vote to end the BDC structure and lately the vote to do the RS. These things have been brutal and divisive distractions.
The "trend" - if you mean the downward price trend...the sp drop was due to weeks of non-stop and concerted pre-RS doom-hyping and hysteria-generating - let's not forget that or minimize that. That drop stabilized after the Reverse Split, in other words, the price did not plummeted after the RS and most of the doom-hypsters have been pretty quiet except for a stubborn few.
If you're saying that you feel foolish because the company hasn't announced the much-touted and anticipated Padgetts 11 and 12 yet..Well, that's a biatch I heartily agree.
But if you DON'T think they're going be announced ... hmm, what's a safe word..."soon"..."Within the month"... ever (lol) you can cash your chips in and walk away as some have done.
Everybody agrees that frustration here is warranted. What the hell's taking so long, and so forth, and for anybody who's biting their fingers off hey join the crowd, and sell if you think they're never going to announce anything.
But the price "trend" has - so far anyways, since the RS - been pretty stable - low volume most days, price in a .30 - .40 channel.
The trend of no communication - if that's what you mean - that trend has got to be changed, and I'm thinking that it will change once the operators are completely satisfied with the Padgetts and the NM & EO. That's what it's all about for me. Show me the results of the four wells you've been working on, and show me the revenue, and keep the float tight as long as you can...and I'll be happy. But this waiting is no day at the beach.
AI
