Tidelands Oil & Gas Corporation (TIDE)

[catmaniac]

I kinda agree with your thinking here ant...
but,
that doesn't give us any valuation information.
I'm buyin now so "I" think it's oversold but the
market doesn't know that...not until we get some
actual numbers on all of this are we going to
know much more, either.
catman...ISYA

PS...I just ran some numbers again from yahoo...
they jive with Kobia so they should put valuation
@ 6.5. I guess I'll be happy with a cb of 7.
STILL...I just realized that the authorized shares
are only 100mln...I guess now we know why they are
looking for new auditors. We HAVE to expect some
filing soon to up the Authhorization. The ONLY
way they can continue to oporate is to either buy
back at least 7mln shares so the numbers jive
or to R/S their way out of it. All the while we
have no eyedeer what the debt income ration is...
lots of 'if's' here.
These guys have not been all that ACURASTE with
much of what hey have promised. I haven't totall
lost faith here but this isn't one of the ones
that I can leave purculating on the back burner.
GLTY'all
catman...ISYA

PS...still lots of downside risk for the long
termers here...caution is not undue.