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S&P 500
5,170.38
(
-3.30%
)
US TECH 100
17,382.00
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-3.16%
)
Dow Jones
38,619.76
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-2.81%
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76.76
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-0.48%
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(
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RookieInvestor1

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RookieInvestor1

Re: None

Tuesday, 02/28/2012 11:42:27 AM

Tuesday, February 28, 2012 11:42:27 AM

Post# of 133793
OMG!!! This stock is priced 10 times below the company's actual book value. Company filings estimate the book value of the company at approximately $3.1 million, yet with the current number of issued shares standing at around 275 million and a stock price of .0014 the market value is only $315,000.

I'm not a pump and dumper, but this stock is SERIOUSLY undervalued.

Plus they actually approved a stock buy back for up to $400,000 worth of stock in the next year or so. AAANNNNNDDDD they are shifting their resources to focus more on crude oil production than NAT GAS to capitalize on the huge disparity between the two commodity prices.

Watch this baby. It's bound to fly!
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