You be pumping on my pimp! Rumour word has it, some penny stock promoters gained some favor promoting. If the share price remains at this level or better. It would not surprise me to find a private placement going forward. Just a thought on a hunch.
The company needs a large infusion of cash for a big percentage attempt on a prospective program. Private placement at a higher level. That is another hunch.
The company may also be in the works to sell out their collective small percentages in the popular Dakota shale area.
Alot of other guesswork thoughts if I cared to bother to post them. Merger, buyout and takeover mania?
Sail towards your dreams, but wake up before you fall.
disclaimer; I do not know why the penny pinch pump occurred.
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