It was short and sweet. Much going on behind the scenes it seems to me. Don was very cautious not to mention anything while the S-1 was still in the SEC hands. he did mention joint ventures in WY ( huge reserves around that area) and , we all understand that Oil was trading lower during the 2nd quarter..so, that wasn't a surprise. he mentioned 3 Banks are in the running for credit...and VERY close. Along with a credit line.
Now..this is where the believers and whiners separate. Even by any standard anyone uses, we are WAY over sold. And I liked the explanation of the shares form the convertable preferred. Can't until 3.30...forced at 4.25...
These guys I believe are holding a few rabbits up their sleeve, that they aren't, and can't, yet mention..IMO anyway. But, come on..do you really think even with the leases and wells they hold, we're way way over sold.
I'm in...and Don also thinks it's just a few weeks away until he can mention the new board members...acquisitions..joint ventures...etc...
A great buy to me. And when we're back at 5.00...everyone will say, would of, should of. I will say, I was smart to buy a lot more under .80....
And yes...we'll get to AMEX...look at VOG...10 times the number of shares...and no earnings. They (taking into account the shares) traded as high as 30.00..and is now at 11.00...
I think ARET will be fine. And, you don't make money by looking in the rearview mirror.
Go ARET!
