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Thinman13

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Thinman13

Re: getmoreshares post# 9080

Thursday, 12/27/2012 12:57:03 PM

Thursday, December 27, 2012 12:57:03 PM

Post# of 133793
Well.... we know now they DO have wells in production. However, their operating expenses exceed revenues by a wide margin. Revenues have declined three years running. They've diluted up to 3.29 billion shares. The market cap is about $330,000 which is less than the value of their leases and equipment, but then you have all that debt to factor in. This isn't the prettiest girl in the pinksheet whorehouse, but not the ugliest either. Nothing that makes me want to dump what I have immediately and nothing to get me excited enough to buy more.
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