A couple of points come to mind. First, the apparent purpose of the pr. Certainly it was not released to provide any hard numbers, such as production or financials. It also did not mention or infer any future plans. It was mostly provided to assuage concerns of shareholders, at least those that see the glass half full, to once more overuse an already overused cliche. In a previous pr Keith confirmed the tarrant county leases would be absolutely required by big oil, after the issue was raised on the message board as to their necessity.
There were some nice tidbits to chew on for awhile, the tight hole status and the effort to update and expand reserves. Whether we will see these numbers soon is up to Keith, but at least we know we are still within the long term plan.
And again Keith addressed the ah trades and the shares issues that have been posted numerous times in a multitude of ways.
Keith is not ready to blitz people with info yet. I expect that will come when everything is coming to a head, the shorting issue?! and the buyout scenario, HOSS, whenever they happen to occur.
The second issue, which Keith has addressed, once again, is the notion of dilution and the ah trades. If I were a MM, I wish, and found myself trying to naked short to death a real o and g company in an industry on the verge of exploding, I might try everything up to and including more nss. One way to limit further shorting exposure is to try to box in the share price and then use stock accounting techniques to give the impression of dilution. Many have noticed and mentioned that most if not all trades had been at the ask. In a "normal" market, i.e., one not controlled by a guiding hand, trades should be at the ask and the bid throughout the day, most of the time. So a mm could presumably hold back all or most sales at the bid, show all sales at the ask throughout the day then "reconcile" the trading with an after hour t trade consisting of all or most of the trades at the bid, which, of course, would show selling at a much lower price than daily lows and give the impression of a big seller or a company diluting.
Again, not sure if this is what is happening, but it sure fits the facts as we are seeing them.
