Mesa Energy Holdings, Inc. (fka MSEH)

[cleverrox]

I've never seen a great company built by diluting over and over to acquire things. The goal should be to build shareholder value per share, not the biggest conglomerate possible. I hope management is smart enough to realize that shareholder equity is not an endless piggybank. If they think they can go to the NYSE and then immediately dilute to raise cash for this aggressive Niobrara deal - I predict now it will be a disaster for shareholders. They will end up issuing shares while trading at 2x - 4x times earnings - and that is a sin and a heinous crime.

They need to borrow money from a bank this time around to drill the Niobrara and give the stock some time to settle on the NYSE before using it to raise capital.