It is laughable that the only attempted justification presented for owning this stock is that Ntephe and his CFO own it. The same two guys who orchestrated and executed a catastrophic toxic debt financing effort that raised less than $3 million while destroying 99% of shareholder value, maxing out the authorized shares under the veil of a gagged transfer agent, and necessitated a 1/100 reverse split before they could continue their toxic debt issuing destruction. And oh, by the way, these same two managed to incur past due taxes which are larger than the amount of cash the company has on hand and resulted in a multi-million dollar IRS lien.
Perhaps that record of despicable decision making and performance justify following them for a few people, but the stock price and its inability to increase even as drilling was underway proves that most investors don't want anything to do with these 2 characters and their sinking ship.
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