Sonoro Energy Ltd (SNV)

[SimplyTheFacts]

With all due respect InterestedParty99, and I truly enjoy reading your posts, but I don't buy the idea that they just raised 15 mil to go aimlessly poking holes in the Iraqi desert in the hopes of finding some oil. Considering the failure rate in that, even in a place like Iraq; it is absurd. For me, this is an experienced management team which to date have implemented sound strategies and plans.

I think they know what they want to do and need money for it. When they have finished raising the money and have put their plans in motion, they will let us know about it. I just hope we hear some good news soon, it is overdue... guessing news right after closing of the pps.

It just makes no sense... let's raise 5 mil and because it becomes oversubscribed, let's raise another 10 mil?? And dilute to the tune of 60 million shares?? They need the money for something IMO.