For me much of the worry went away after the pps spiked up on crazy volume buys for the last hour on Friday. It should have tanked imo if anything. Also, we did not get an afterhours Friday PR which usually is when companies try to 'bury' the bad news.
...or, look at it this way: our CEO already is the CEO of Renfro Energy....the last PR simply stated that all we are waiting for is an audit to get deal straight and guess what: create clarity for us.:
...and finally, we are talking a huge R/M that has to do with large quantities od American oil - easily understood by all of us in a $4 a gallon of gasoline world.
not concerned yet.. they filed the 1month extension which was "due" on friday but dates like that seem more like a estimation. I'd give it another week or 2 before i got too worried.
I think it's a good thing we didn't get news last week. Significant delay would have been PR'd IMO. Look at the end of day buying Friday on top of that. Whatever delay is in store, the brave will conquer here!
Not after Fridays buying. I firmly believe that this week will be an epic week for this stock. If we had seen a Friday sell off that would have been a clear indicator that something was fishy. The market dictates whether it believes a stock has something going for it or not. Thats what I pay attention to. Many were predicting a sell off on Friday but a 67% gain on no news on a suppossed deadline says all I need to hear. jmo.
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