There are a few problems with penny stock oil companies. The first and biggest is that they don't have anything except hope. That's an easy scam. I know what you're thinking, KING has something of value, they have seismic data and maps. Well, there are problems with that, A) nobody has seen them, and B) they are back to having hope that somebody will buy them, and C) that is only a one time sale, no recurring revenues.
With stocks we need recurring revenues. Building a company with one time revenues is like buying a one-way ticket to the South pole.
Quote 03-19-08
"Yes, we must, indeed, all hang together, or most assuredly we shall all hang separately." ~Benjamin Franklin to John Hancock
