Yes, I still like SOCU very much. I think they are quietly preparing SOCU for something major or at least that is what I am hoping for. In my opinion, you just don’t do the things below unless you have a significant plan for moving forward in some very big ways. Observe...
With adding John Probandt as a Director, he is the Chairman of Rising Star Holdings and is also the Vice Chairman of CITIC Rising Star. CITIC Rising Star is a 50/50 Joint venture with THE CITIC Group of Beijing amongst other assets. Check out THE CITIC Group of Beijing profile:
http://www.hoovers.com/company/CITIC_Group/hkfxci-1-1njdap.html While foreign investors rushed into China, CITIC built its name on investing Chinese funds outside its homeland. State-owned conglomerate CITIC Group oversees the government's international investments, as well as some domestic ones. It has some 45 subsidiaries on four different continents including financial institutions (about 80% of the company's assets), industrial concerns (telecommunications, construction, manufacturing), and service companies (media, technology). Holdings include stakes in CITIC Securities, CITIC Pacific, CITIC Resources Holdings, and CITIC International Financial Holdings (CIFH). CITIC's leadership answers directly to the government's state council.
From the way I see things from its trading pattern, it appears that there is absolutely no dilution at all. It trades very thin. If they can generate the oil, then the stock will take care of itself. They have quietly added some key people for some key reasons in my opinion. I’m willing to wait it out to see what will materialize.