I am NOT happy with what has transpired regarding the reporting of a loss in the 10Q when it was actually a $645,000 gain. What is even more upsetting is that I even listened to the CC expecting them to address this issue because I knew from the Yahoo boards that the company had been notified about the error. Finally, after several questions, someone (from Zach's, I believe) seems to try to get the mistake addressed, but the company stands by it and leads the investors to believe that it is correct and that they have a loss.
So, yes, I considered this, paired with a delay for an undetermined amount of time on drilling at one of the sites that they were supposed to be in progress on, a strong enough disappointment to decide to sell my shares, all of them, for the very first time.
I figured I would keep an eye on the company and buy back once things stabilized.
Now, a day later, the company comes out with a correction showing that it was not a loss, but a gain - a BIG difference to investors who are watching the developments closely here. So now, that stock appreciates well above the high of the day for their erroneus 10Q, and invetors are supposed to be OK with that??? That is just ridiculous - some heads need to roll and investors need to be made right.
They had a couple of HOURS before the CC to review this error and make sure that they could correct it for shareholders who were listening in to find out what had happened, and they covered it over - totally inappropriate, IMO.
