Wednesday, July 28, 2010 3:27:03 PM
In no way am I disputing that rising gas and oli prices will benefit some companies. Nor am I disputing that some of these projects, while unattractive to the majors may be attractive to smaller companies. I am not disputing the technologies that may now make some of these formally unfeasible wells feasible again.
I simply do not think that either of these companies, whether DMEC or Westmount are anything other than fiction at this point.
The Wesrmount site at least has an address and apparently some history as a company. That is somewhat encouraging.
DMEC has never been anything other than an uninformative website that coulde be put together by a grad student.
I will watch and hope to get back 10% of my investment because if I sell what I have I will get nothing. 11,000 shares today have doubled the last trade price to $.04. Looks nice on your computer screen but when you think it is c $440, it is not very compelling. If I tried to sell 11,000 shares I would be happy if I could make $100.
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