CXTO, interesting news "On April 5, 2011, the Company announced that it has a signed Letter of Intent (LOI) with a Houston-based private company to acquire a 250-acre oil and gas property located in Nueces County, Texas.
The property contains one producing well and proved undeveloped locations, which the Company anticipates to drill and complete in the next 60 days. Under the terms of the LOI, Green Equity Holdings will acquire the property for a price of $2,000,000, paid for in cash, promissory notes and/or Green Equity Holdings’ stock.
One now needs to see how the market responds, and like all public entities... it comes down to whether or not investors see value/sizzle going forward.
One thing interesting about this particular play is that I don't see a lot of Front_Loading so that leaks, Promo's unless you or those reading this uncover something. That's a good thing.
The 1st few days in April were good, the A/D positive, then very very negative until 4/20, but still only showing a neg. -964k so that if buying continues... and the A/D then goes positive, CXTO could sustain a higher PPS without dropping drastically.
But don't forget though... PROFIT WINS!
I hope that makes sense
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