Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

IMHO TIV lucked out when they got back in the R2K/R3K in 2008 by increasing their number of outstanding shares in the face of a huge loss in their market capitalization and amidst huge losses across the boards of market capitalizations ... even though TIV's share price was substantially lower than at the same time in 2007.

No such luck this time. Even though many companies have suffered greatly over the last year ... TIV's share price and market capitalization (i.e., the value the entire spectrum of investors assigns to TIV's worth as a company) has suffered far far more.

There were nearly 2 to 1 more additions than deletions to the R3K. Apparently 2008 was, like 2007, a fairly easy year in terms of required market cap. to get in or stay in the index.

So why ... in the face of last May's touts of thousands of barrels per day of oil production and promises of hundreds more per day within a few short months .... has TIV been struggling to carry a share price of a dollar?

Russell Reconstitution
Preliminary additions and deletions

Quick synopsis of the changes:

* The Russell Greater China Index comprises three of the top seven countries in terms of net additions, accounting for 76 additions to the Russell Global Index.
* The U.S. market shows a net increase of 121 stocks in the Russell 3000® Index.
* The United Kingdom (-59), Canada (-42), Australia (-41) and Japan (-38) lead the list of net deletions from the Russell Global.

The following are preliminary additions and deletions as of June 12, 2009.

Final membership lists for the Russell 3000®, Russell 1000®, Russell 2000®, Russell Global, Russell Midcap® and Russell Microcap® will be published June 29, 2009.

431 Changes
276 Additions
155 Deletions

Change	Company	Symbol	Sector 
 (excerpted) 
 Delete	 TRI-VALLEY CORP 	 TIV 	 Energy

IMHO the Sector is all wrong. TIV has continuously expended far more energy/dollars than they have produced. Is there a Sector which encompasses Black Holes Which Cause Money To Disappear?

JMHO

jonesie