easy- you are getting hotter:
as always, it looks like great detective work and DD.
Congratulations and I'm sorry that we have to scrounge around so hard for information.
But it is easy to read too much into these common threads.
I think BIGN will rise or fall simply on the East Texas acquisition. Period. I think the deal is done. Period. OCICBW I have no inside information, but was buying again last Friday. I may buy again or sell again this week- always without notice here. It is all a gamble.
I am a gambler. I try to dig around like easyultra and get a sense of the lay of the land. I suspect there is some news- good or bad- out of Grimes but it is being held while the LOI is turned into, I hope, a binding legal contract that will make BIGN worth a bunch more per share. So, I expect the Grimes developments are positive.
Under these circumstances, BIGN would be worth .15 to .25 in my humble opinion. Otherwise, it is currently fairly priced. There are lots of companies that I am buying that have one or two wells and trade in that range of .15 to .25 pps, depending on the outstanding number of shares. I just like to gamble on them when they are under .05 so the multiple profit effect is still a play.
I appreciate the PM's everyone, but I have stopped paying for I-Hub in protest over some moderation issues. So I cannot reply to those of you who have sent recent notes and questions.
I hope the post above helps answer some of the questions. Calling the company is good if you have a respectful and realistic attitude. Visiting the Grimes wells or doing asset checks help. Research on the CFO and CEO helps. But it is all just a gamble. "You pays your money and you takes your chances."
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