kanola ... I think it's great to be optimistic. I just think it's best to be realistic.
This isn't the right word but I'll use it anyway. But there needs to be an oceanographic difference between the way the company executes in 2013 and 2014 relative to 2012 in order for your projection to be even remotely possible, and that's after a reverse split, because it's going to be extremely difficult for the stock to have sustainable, upward movement given the shares outstanding.
I think almost anything is possible, which is why I kept a small stake in the company this fall, though I sold 92-percent of my stake about four weeks ago. The dilution, the fact that execution in 2012 was exceptionally bad and the fact that considerably too many PRs and projections never ever correlated with actual booked revenues are why I felt it was time to walk away. Falling short of expectations is one thing, but when a company continuously projects a BOPD number and it cannot even come close to that figure in a given month, much less a day, that's a red flag. And long-suffering shareholders have sat back and watched this happen over and over and over again.
As a shareholder, I do not believe I am entitled to results. I merely invest on the belief that favorable results will follow but there is no entitlement. However, I am entitled to transparency.
If the company begins to actually execute on a fraction of its projects in 2013, if it will just stop with the bubbly projections, and if its actual booked revenues will at least get in the stratosphere of the production numbers claimed in PRs, then I will consider taking a larger position in the future.
There have just been too many mistakes for me to project the kind of stock price appreciation you're referring to.
People don't want to hear about the labor. They just want you to show them the baby. I think 2012 has proven quite clearly that bubbly appraisals, production projections in PRs and facebook photos carry very little weight with investors.
