Replies to post #12221 on Diversified Oil and Gas Holdings (DVFI)

[shouldasold]

These kind of price drops are happening all over penny land, I don't have the answers, but I believe this is the time when smart money should be buying, not selling. Look at the poor folks in pbls. Many others in the same boat. Don't panic, suck it up, this will soon be over. jmho Ron

[Fishing at Surfside]

If they are selling all or part of 90 million shares in return they are getting 275bbls/day in oil which is about 6 or $7M a year if my math is right, plus the rigs, personnel, etc. Also probably an experienced CEO to sit on the board for 2 years.

Add a total of 5-8 Grimes wells or better by the end of the year and the revs are somewhere around 10 to 15 million.