Replies to post #85924 on CGrowth Capital Inc (CGRA)

[beerich]

Kinda true. This ship (CGRA) has a captain and NO Crew. It is just Wright and only Wright. He has to prioritize his time to get things done. Like the audit, which was announced last spring(?) for an eventual up listing to a higher exchange. This is for two companies on two different continents. It takes a while and from what I know it is progressing.
Wright runs a lean ship when it comes to hired help. Hiring and then firing is costly, both emotionally and financially. He will be hiring a crew once the MJ lease revenue is absolutely solid and repeating. He will not dip into any oil revenue for employees, because that is committed to supporting bond payments.
Once he has a staff i would expect those announcements to flow a little faster.

[pepeoil]

Yep, silence equates to a disasterous pps like it is now, down from .17. If management had good info, they would put out news. There is no reason to keep it secret if it were good. The longer the bad news stays secret, the longer they have to come up with the next biggest thing to bring in kajillions of dollars. This company is one total disaster after another. 2.7 bbbbilllion in dolomite? lol disaster. 2 milly year rent? Disaster, they don't even gross that much. 900 bopd per well x 30 wells? Lol. Don't even total that monthly for all wells combined. Lol.