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DeeDog

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DeeDog

Re: Ecomike post# 4342

Tuesday, 08/23/2011 10:41:09 AM

Tuesday, August 23, 2011 10:41:09 AM

Post# of 6903
Thanks for this reminder. Even tho it was only a couple of months before I got in, I think this valuation was after they were in dept by $5 million.

Just a reminder, that there was PR about 10 months ago that MNLU was worth a good 50 cents/share (liquidated) based just on proven reserves in Louisiana, and that was at old oil and gas prices from about 12 months ago. So current prices are a steal here.


This is comforting since I've averaged down to about .50 but I don't expect them to liquidate anyway. I think this is a financing delay like many are having in this economy and it will be worked out, one way or another.

My trading experience is brief, so please read my
posts with this in mind.

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