Good thoughts guys,
When I worked for a start up in Seattle we never made press releases when we were trying to raise capital because our competitors may find out what we were trying to do and beat us to market. I think this could be the same thing here. From my perspective Bruce does not care if the price is .007, .01 or even .05 cents a share. He wants the share price to jump to $1.00.
The only way that will happen is if he is sucessful in producing significant oil.
If Bruce sends out a press release and says "I walked out to the drill site today... It was cold ..... so we did nothing...." I don't think that would have much affect on the stock price lol....
There are only two new releases I want to see:
1) We have gotten 50,000,000 in funding because we have oil reserves big enough to support 30 wells at 120 bpd
2) We have 30 wells producing 120 bpd (wishful thinking)
Cheers,
J.
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