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Tuesday, July 29, 2008 11:54:54 AM
Long term this should recover. As for the dilution with the release of more stock to cover debts, looks like thats already played out, the share drop from $0.40 to $0.02 happened on the announcement. This stock was above $2 when they were cash flow negative, they are now cash flow postive with 2nd quarter revenues of between $.3-.5 million for the 2nd quarter and $.8-.9 million for the 3rd quarter. These figures never included the Lone Oak wells, and there are more wells to be drilled. I'm going long on this stock as there is a huge upside potential going forward. The stock may be down now, but you only lose money if you SELL the stock when it's down.
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