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Re: daytona45 post# 292

Wednesday, 07/06/2011 12:35:58 PM

Wednesday, July 06, 2011 12:35:58 PM

Post# of 8649
I've been able to collect shares at $.02 and just a hair under $.02. IMO, the stock is shorted, but once the money from the financing comes any short will get drilled. Just my opinion. But they are trying to get $15 Million, which can net about $12 Million. The drilling program (feasibility they estimate at $5.5-6.5 Million)...My opinion is they'll be able to commit a few hundred thousand dollars to buying stock back, paying off bad debt, and promoting themselves. Remember, the goal is to get SUGO sold off or a joint venture. So, they'll want to make noise.

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