Come on seriously, the painting the tape discussion is like pissing in the wind. Either way, your all wet.
Bottom line is that no one is buying or selling. If you're caught selling, your going to get taken to the cleaners for two reasons. First, there are no buyers, and secondly, anyone who is buying has lowered their nets knowing that there are no buyers.
As I said yesterday, the knife cuts both ways. This stock is buried in the hands of a lot of battle hardened, upset, invested, stuck and committed people, who have not sold or have sold very little.
If CB gets his head out of his XXX, and starts to act in a professional, responsible and respectful manner to his shareholders/investers and the investment community at large, which he has not done for some time, this thing will turn and "cut the other way." I mean oil is $110 and gas is over $10. Nice arena to be in.
The movement upward could be significant and steady, if they are consistent. Does this guy have the expertise and goods we expected when we invested in this stock? Remember the new Oil and Gas, Jr., we all talked about. Remember what he said to everyone behind the oil derrick the past 2-3 years?
If he does, hold on to your XXX. If he doesn't, we sit where we are, in the ditch. We surely cannot fall much further then the "chump change" we are worth today. Unless you are CB, of course, post RS.
CB has had over 2 years to get his act together. Most CEO's would have been fired for such results by the Board of Directors. Oh, I forgot, he is the sole Board of Director (sorry no "s" on Director indicating plurality).
If he had any brains, he would start the engine running, 1 April, and not let up. What a time to get visibility. People are investing, even is a down market. Just look at gold, oil and commodities. The cost of oil is on EVERYONE'S mind and effecting everyone's wallet. If they could get their act together, explode the company's valuation based on expected results, they could use the increased valuation to move things ahead aggressively, through enhanced drilling and expansion.
If more games are at play, such as the RS, "it" too will become more evident soon. Just ask Mr. Spitzer, who got caught with his pants down, if he expected "it." From the lips of one of our great leaders, "what is the definition of "it?" Let "it" be whatever you want "it" to be.
Come on CB, I'm betting on you. Tell us it isn't show and show us differently, your other side. Two plus years of silence, two plus years of marginal results, all capped by the unexpected shocker, a 1:25 RS as the explanation point, is way to much excitement to handle for me, at least.
Come on CB, start treating us with the respect we deserve. I know you are busting your XXX for this company, but I busted my XXX for the six figures I have lost in this company to date.
Come on CB, it is time. No more excuses. No more surprises. You are way overdue. Heck, what happen to the promises you made pre RS verbally. Come on CB, it your time.
