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Re: king oil post# 4392

Tuesday, 02/28/2012 3:02:05 PM

Tuesday, February 28, 2012 3:02:05 PM

Post# of 7005
I do not see this as negative news nor do I see it as an automatic reverse spilt.
I believe these shares are to be provided to the stakeholders of the joint venture deal already published and no doubt have a restriction on them in terms of when they can be sold/traded. This is a great bit of news and should be taken as such. In terms of a reverse split....I do not see this happening until the market will bear it - and I can't see that happening till we are sitting at .10 to .15 cents at which point I can see a potential 10-1 reverse spilt.

Does this resonate with anyone?