JAKE17...I know that we are ALL wondering why...
This stock is not moving up, especially after a string of good PR's...Could it be that a huge block of Restricted Shares has recently been released from Restriction, and the owners of the stock are selling Now, because they need the money Now? And they may be selling only enough to meet their needs for Now, and will let the rest ride up into the next rally before selling...
I suspect this is one possible scenario for what is going on...But there is absolutely no way to verify this, or anything else we read in PR's for that matter, because of the non-reporting status of this Company.
For all we know, the Company itself may be the big seller here, to pay for a new $1MM HQ, some oil leases in two states, and all of their other acquistions...There is no way to verify that they are, or they are not selling stock to pay for all of this...
The sooner they become a fully reporting Company by getting listed on the OTC.BB or AMEX or NASDAQ Small Cap Exchanges, the better for US...Then and only then will we be able to keep track of what they are REALLY up to, without ANY of the quesswork, as we will have all kinds of SEC Filings to read.
The other possible explanation is simply: MM Manipulation, which runs rampant on the Pink Sheet Exchange...Which is another good reason to move up to a better Exchange ASAP...
