How could the 10-K possibly have any good news? It's quite obvious that the company is struggling with its cash flow and so they need more money. This company is digging itself such a deep grave that no amount of good news will get it out.
Sorry, it's not looking good at all. We can all wait to see what the 10-K and the Q1 report says, but it's nothing that will be able to combat the heavy dilution that the two executives are causing.
I think it's another bad move by Raley, he pulled this same trick around the November filing. Unless he announces that we have acquired some producing wells which will quickly add revenue to the bottom line, this is going to be ugly for a lot longer than I thought it would. Figures, we were just seeing a light at the end of the tunnel, and now the tunnel got longer again.
What I don't get is that the BUYS have outnumbered the SELLS for the past 3 days, and the MM's knocked the price down before the bell even rang. Right now I see 95 million buys and 74 million sells, yet we down ticked at the open.
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