Bonanza Oil & Gas, Inc.(fka BGOI)

[megaman81]

BGOI stock price will continue to go south, unless they strike oil really soon. But, BGOI is such a small company, and in my opinion, they do not have adequate resources to "exploit undeveloped reserves", as they claim, especially considering how drastically their PPS has dropped over the last 2 years. How can they compete with the multi-billion dollar companies that have been around much longer and have much more sophisticated technology to discover the untapped reserves? I honestly think that all they are doing is digging dirt.

For those of you who think it's a great buy at .0025, think again. I expect this stock to drop much lower, down into the triple zero range, really soon. Perhaps, bankruptcy will be looming soon, as well.

Just my .0025 cents ;)