Well, if they don't release it today then to the pinks the company goes. Then, if I remember correctly, the only way to get out is to comply with filing timely reports for one year.
But hey, maybe the reports will have good news on them. Maybe it will have info about the NESS acquisition. Oh wait, that whole thing was a huge story because OKT Resources had already acquired NESS in November 2008. http://www.nessenergy.com/
Maybe the CDs have substantially decreased. Oh wait, the math on the proxy doesn't make any sense and somehow - through all the conversions - debt actually INCREASED.
Well, maybe there have been more wells drilled and more revenue flowing into the company. Oh wait, the company has zero money to drill more wells and the only revenue coming in is from four wells that they don't even own leases on, and it isn't even close to paying administrative costs.
Sorry that I sound so negative, but this company has been very wishy washy. I don't have much money invested in the company, but am just annoyed because it had so much potential to thrive and it was wasted away by poor management. The company had a huge window of silence and then came forward with great news of acquisitions and we finally saw a light at the end of the tunnel. It turned out the light was a train (more dilution, which will probably lead to a R/S to get the share structure under control) and now I don't know what to think about this company.
Since they are so secretive the only thing I can assume is that this is one big scam and Raley and Watford are the CEO and CFO.
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