Replies to post #39690 on Moon Equity Holdings Corp (MONI)

[Maria56]

I don't know, but it's a penny stock, so what does that suggest?

It looks like WOGI has a subcontractor in Pa who looks like they are doing something like drilling and may be or may soon be fracking. There are PA permits to drill. The LLC that WOGI's last filing states is paying them to drill 10 wells (though they have 12 permits) is registered.

That said, however (and the many and often contradictory projections for oil production in the US cited on this board not withstanding), it seems to me, based on sources I've already cited, including WOGI's own projections, that these little, relatively cheaply drilled wells may not produce much. Even if everything WOGI has PR'd is true, WOGI is being paid to drill the wells for a third (maybe?) party. WOGI says they'll get a share of revenue - however, they do not state what that share is nor when they start collecting it, which is a pretty freaking important detail for shareholders.

We shall see.