Thursday, November 12, 2009 9:52:39 AM
Only in the last few months has there even been a single product for sale. Now there are two. Never before have there been any additional assetts (of any merrit)... Now we own $24 million of REVENUE PRODUCING oil and gas wells. Not in a LONG time have the issued shares been this low. (I know.... we haven't seen the 150 million returned shares reflected on paper, but we will). Clearly the burn rate has also been reduced by a huge amount....
Present management is in a much better position to make this work... than ever before. By next week the "E" will be lifted... In the near future... we should be seeing more management positions being filled.... and sooner or later... we will be seeing some sales results. WHEN sales and O/G income are large enough to make the company self supporting... THEN we should see the SP improve dramatically...
Yes, this IS my opinion. Let's just see if I'm right or not.
PS.. I'm down about $100k right now.
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