I know I am probably being a little unfair to Keith (only a little), but until he proves me wrong I'm certainly not going to hold him blameless.
As to fighting back, I would love to see them take some of that money and buy back shares. Not to necessarily raise the share price by doing so, but to do it slowly over a long period of time while the shorters do their thing. I know I am dreaming, but imagine what they could do with $2M from deals and insurance claims. Given a long enough time they could buy back 1/2 the O/S quite easily over a year. Image the surprise to the NSS folks when they decrease the O/S by 50%.
For a company that is supposedly worth tens of millions of dollars (hundreds by the folks saying $2/share) could there be a cheaper way to double the shareholder value? Sure new leases and wells would be good things, but how much would it cost the company right now to double their assets? Given their undervalued status I think cutting the O/S would be a more productive thing do with the money. Big oil like Exxon has been doing this for years.
Sure cutting the O/S by half is a long shot, but even getting halfway there would be a good thing. I'd sit this out quietly for another year if I thought the O/S would go back anywhere near to 45M.
It would actually make the floods a good thing if they could buyback the shares they sold to recover from the damage at 1/2 to 1/3 what they sold them for!
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