Siberian Energy Group Inc (fka SIBN)

[eik]

It's funny to read automatically generated reports like this:

Sharp Percentage Gainer at OTC – SIBN, ...

Siberian Energy Group Inc (OTC:SIBN) jumped 1,183.33% to close at $0.770 with the total traded volume of 300.000 shares beating the average volume of 48.00.
Its shares were trading within the range of $0.0225-$0.77 while its opening price was $0.0225. Its market capitalization is $51.87 million. Its stock price 52 weeks low was $0.02 and 52 weeks high price was $4.30.
http://www.epicstocknews.com/201111161314/trading-briefs/sharp-percentage-gainer-at-otc-%E2%80%93-sibn-wnyn-mgone-zvtkd/

1,183.33% gain, wow! :) The truth is: SIBN is basically privately owned company now with insiders holding 99+% of outstanding shares... and they all are restricted. Stock is illiquid, and daily volume 300 shares (!) looks like heavy trading. It's hard to expect any changes in this pattern before insiders shares come out of restriction. Another solution would be to list the stock on new exchange (TSX). In this case the IPO should be priced somewhere in $1/sh range (at least), which would help to bring SIBN from coma.
IMO.