Replies to post #13939 on Chancellor Group Inc (CHAG)

[dmbao]

Nothing yet. I am getting more hopeful actually. They are awaiting uplisting approval I think, so keeping mum until that happens.

Once that happens we will have a debt free company producing 100k+ in monthly revenue, 3 million or .05 a share in cash and some X amount of equipment an such. I don't know what that is worth but it would seem north of .10 cents a share.

Also thinking once uplisted or just before the MM would need to try and get some inventory of stock? Perhaps that will cause a bit of a run.

At the end of the day they got pretty lucky unloading that field when oilk was $145 and now that its $75 perhaps they can find some new property to expand with.

Until than we will have to just wait. Anyone know when the next 8K or whatever it is the file with quarterly results will be due?

[dmbao]

Any thoughts on what the value of say 1.2 to 2.4 million in revenue would garner as a multiple to add to the cash value and the equipment value?