A/S 150mm, O/S 150mm, float is less than 7 or 8mm. Today's volume is approaching 7mm already.
AOOR is generating about $1.1mm in revenue per month from operations in Russia and about $50,000 per month from New Mexico operations.
The company recently offered stock at a discount to existing shareholders through a direct mailing. The goal is to raise $2mm to fund expansion in New Mexico. The goal is to increase production there to 200 to 300 bbl's per day.
The company owns and operates 1800 miles of natural gas pipeline.
The biodiesel operation looks very promising. The company receives a federal tax credit of $1.50 per gallon and .20 per gallon from the state of Oklahoma. The federal government is also offering grants up to $3mm for biodiesel research and production. AOOR plans to have the biodiesel refinery operational in 6 to 8 months.
The company is painfully aware of the stock prices in the last two days and is working toward a resolution.
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