sem1, thank you. Believe it or not, I do care about other investors. I had to learn the hard way years ago concerning these OTC/Pink Sheet penny stocks. I am now 74 years old, and much wiser.
No offense, but I would guess that you are much younger, or new to penny stocks.
You can make money on these scam stocks, but you better know what you are doing, which takes years of experience. I personally don't play them anymore, even when I know I can make money. I feel like I'm part of the scam by participating in and taking some unsuspecting investors money.
Why the SEC doesn't make Pink Sheet/OTC exchange to be fully reporting/transparent like the big boards is beyond me.
Remember the Golden Rule; "Do unto others as you would have them do unto you". Keep this Rule and you will do well in life!
Another Bible saying that I understand VERY WELL. Paraphrased, "You will reap what you sow". The reason I understand it, is because I farmed most of my life, and guess what, I always reaped what I sowed!
Rest assured, Wilmot will reap what he sowed, and others will (and probably has already) done to him what he's done to others.
With all that said;
I agree with you and many here who know the Siler lease, that there may be enough oil there to be economical to recover, providing the price of oil stays up and goes much higher. IMO if it was very economical to recover what's left, the big companies would have snapped up that lease, or Wilmot would have hired a reputable company to do the job for him instead of these scam operators.
As I said before, he can't be as dumb as some think by not getting serious about getting the oil out. That makes me believe that he knows it's not that economical right now, and he can do just as well doing what he's doing.
And I am truly sorry for any losses to you and others here. Like I said before, I've been there and done that. GL
All that is necessary for the triumph of evil is that good men do nothing. (Edmund Burke)
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