I wouldn't be surprised to see them take it down a little more and try to shake some shares free from panicky shareholders. Even if some of the traders don't realize they are only raising the A/S and not necessarily issuing more shares, the MM's know this and they still need shares due to the O/S being maxed out.
But, any drop in price I believe will be short lived as it will just be to advantageous to smart traders to pick up shares at such cheap prices. The facts of this stock remain the same. And they are the company is producing oil and gas, and making money, and getting VERY close to turning the corner to profitability!!!
After they shake it I believe it will start to trend back up because unless we see a whole bunch of shares being issued the worry about the increase will be over and it can't happen soon enough for me!!! After watching the share price get yanked around for the last couple weeks I'm ready to see this start trading where it should.
Remember folks, the TA here is not gagged so the O/S can be monitored. As long as we don't see tons of shares being issued this stock will bounce up IMO.
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