Cano Petroleum (fka CANOQ)

[littlejohn]

I'm wondering more about mistakes in the last 2 prs on the delayed filing subject...Last 2 said annual report...Dec. 1st report said quarterly report delayed which should be correct...

http://www.canopetro.com/press-releases.asp

If the company was trying to change the year ending date you would think it would be to the calender of ending at year end...

Very minimal mistake but still may have some others wondering...

The preferred shares aren't supposed to be getting shares instead of dividends since the company finances are less than glowing...according to filings...

So the question of adding some common shares may be ok...But doesn't help any when the company is cash flow positive...

The company should be reserving any share changes in case they are needed in debt re-structuring...

All I know is that it must be nice to have the luxury to sell a cheap stock at year end for tax moves if many are doing so...

But any funds that have to get this off their books because of the listing tier drop coming are guided by definite standards...LJ