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Re: CURLY1 post# 31063

Friday, 09/17/2010 10:54:10 AM

Friday, September 17, 2010 10:54:10 AM

Post# of 38161
No one would have made that mistake in identity as what you wrote actually was based on reason and logic. I do not agree the wells are phony, nor the existence of a converter a fraud. This is a typical pinkie you are right on about that. They had certified finacials out some time back and they do actually have wells...as with any small energy development company, right now with oil prices where they are I am sure they are not generating big money. Lending to small busines for development is practically non existent. The do have funding in place for the converter and I am playing this long for that and the fact that I believe oil is going to rebound...The poop is going to hit the fan in the Middle East most likely sooner than later and oil will go back up...I do not believe this is a scam company I think they are at a crucial point and working to get things done in a harsh business climate. I will ride this out...will this see 30 or 40 cents?? No I don't see that except on a fevered rally perhaps, BUT I don't see any reason why they couldn't hit a dime plus...Thats all I need to see. Hell I would be extremely happy if we hit a nickel...People will dump on the way up and it will be hard to sustain a rally, but ultimately I can see where this could settle in the 10 to 15 cent range. It is not beyond the realm of reason. I am happy to have the money I have riding in this position. I think it will have a nice return on investment in time....Have a great day all, I am out od here...KP