Strat Petroleum Ltd (SPRL)

[slice8]

Couple of things worth mentioning:

Sam has diluted 600,000,000 shares just to keep the company afloat. If there was ANY news at all, anything positive at all, he would have released it. The cost to the company of having the share price this low is incredible. Any news at all over the last year would have saved this company hundreds of millions of shares. There simply is no news to report, no revenues to report at this time. Maybe one of his ideas will stick, maybe not. But his ONLY means of even trying to make something happen comes with the expense of issuing additional shares. And that will end at some point as well.

Flippers rule the share price now. The share price at these levels makes any real increase down the road nearly impossible. There are 600,000,000+ shares ready to flip at extremely low prices. The only buyers down at these levels are those owners averaging down. When/if the share price increases, they will stop buying. The big issue will be finding new buyers. And with the history of the company/releases/promises, good luck finding new "investors"!

The only thing to do is what Velvet has said. Put the stock away, dont look at it, and maybe one day.....