Alaska Oil & Gas Ltd (fka AKOL)

[razsam]

When I first looked at this newly trading stock I was hesitent to buy because it just started trading. Dangerous because the market had not decided yet at what pps the stock will be trading at. But I went with the general oil momo and bought in. Mistake. I should have listened to the rumour that they would be bringing this stock down when it started to trade. I waited (a little) for the pps to fall (it did) and then bought. But the pps has fallen much much more that I gambled on. Ouch... now I am long term.
I still think that this stock has the potential to pay off in a year. ie. on the first oil strike. Their location is ideal.
It is typical for any new company that is just getting off the ground ie. sell shares to get the company growth funds. Unless... the company is full of salesmen not product.
It does bug me that after the big sell off they PR that they are now exploring the Caribbean for new oil properties... in their new speed boat? house boat? condo boat?

a disgruntled
razsam/samraz