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Millenium323

05/17/07 10:03 PM

#13551 RE: Millenium323 #13550

And SNRN has no earnings. They are losing money.
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Jlizard

05/17/07 10:47 PM

#13553 RE: Millenium323 #13550

Nice work, as Ive suspected we're undervalued, I thought we would have had a higher base once the stock hit .26, I was surprised to see it drop to these levels.
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sno43wolf

05/18/07 1:22 PM

#13617 RE: Millenium323 #13550

SNRN,example
With you saying and working all that out, don't forget that with such a small company and a very managable detb load, it would only take 1 good producing well to pay off all they're debt,update equipment etc.

SNRN and shares Auth and O/S
Although there is as of May 9th
250,000,000 Auth
float
131,322,0626
don't forget that the insiders hold aprox 60 million shares of that common stock plus warrents.
much more on that later.

Annual General Meeting was held Wednesday May 16th, and if you have read the filings you'll see the "big wigs as I call them" being hired, now this is a key indicator to me that they [SNRN] are going to meet thet're goals of 1.50 to 1.75 within 4 to 6 months,
exerpt from 13D/A filing
The Reporting Persons acquired all of the Common Stock beneficially owned by them for investment because they believe that the market price of the Common Stock does not adequately reflect its intrinsic value.

Much more on this peticular company and understanding of small companies trading in the multibles later

To put it mildly, a lot of these companies only need but 1 well to produce good results and that takes care of revenue/debt etc.