Bonanza Oil & Gas, Inc.(fka BGOI)

[coyotesaz]

Not to put a damper on your expectations with BGOI but the facts remain the same. Not ONE PR has EVER made reference to ACTUAL number of Barrels of Oil per day from any of the wells. But rather words like estimated,reserves,and approx. So until Wismean puts out a PR stating actual numbers be very cautious with this company. Look at the latest filings and you will see that Major Dilution is in progress. They have added 380 million from authorized (1.5 billion) and stand nearly 500 million for O/S now.
And of course this was done in the last 6-7 weeks and look what the PPS has done. All they have is cow pasture that use to produce oil during the wild west days, old wells that will require major capital to have a hope to flow again. Dilution machine, and that's the biggie to be concerned about presently. Wiseman doesn't return calls/emails and use to be a used car salesman and now running an oil company. Give me a break. Anytime the company releases a PR the stock tanks. Look at the last two weeks........dive bomb and will be bad today, just watch.

So just be careful as we will see .005 shortly.That's when the buy signal should be for ya'll. GLTA