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TraderRich

03/11/08 2:04 PM

#1540 RE: clairmontasap #1539

SBSH is atop the bid at .049, otherwise it looks right according to my lvl II.
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jerseyboy

03/12/08 2:10 PM

#1544 RE: clairmontasap #1539

As we both now have a pretty good position here, maybe you or others can help me to understand something. If we have proven reserves as we know we do of 6 billion cubic feet as of February 2007, and it is valued at $2.50 per Mcf in the ground, that to me works out to $15 million, which with roughly 71,500,000 shares outstanding gives a minimum valuation of about $.21 per share to our shares, yet we are trading at $.05. Does the market just not get it yet, or what?