DXI Capital Corp. (DXIEF)

[Cougar6]

I know that is the talk but I am not seeing action based on that assessment. It is always based on what others might do, not on what we are doing to make it happen. What I see is a company that has over-extended itself and is now being conservative. That is a good thing. But they are also not securing new permits (from what I can tell) and are content to work with a limited number of wells that will produce sufficient revenue to pay the bills and management.

Does that preclude a buy-out ... no. But it also does not look like they are working to increase the value of the holdings in order to entice an offer. They are working to increase production, not relative value of the package. At least that is what I see.

For a shareholder that means that we are looking at 2015 or so before there is any real movement in the share price because that is the amount of time needed to do everything. The good news is that, with steady revenue, there is no reason to dilute. It just means that return on investment is two years out.