MXES: Bought a little of this yesterday @ $0.11. Increased buying interest over past 2 months is interesting.
50M shares out, 500M authorised....a little scary; but no new shares issued in past 2 years.
The following statements are on the "company" section of the website...but the page doesn't have a date:
.....Matrix Energy plans on leasing an additional 10,000 ac. in the next 24 months.....the Fletcher #1 is estimated to be completed for gas production in the next 30 days.....in the next 12 months the company will be negotiating with a major lender to provide up to $30M
So I'm not sure if they meet these time frames...or when these developments should be expected?
I've been trying to contact the company; but I haven't contacted anyone yet....I'll let you know if I can get an update.
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854
