Its already been dropped as 3rd most bullish stock(out of only 3 companies listed). Lasted about 3 hours...LOL.
The loan was from the COB, who seems to be trying desperately to make back his lost $25-40 MILLION he's dropped on TIV to date, hence the money making 14% interest rate on a million dollar loan and as COB, "approved" a deal with a private investment group, of which he apparently is the largest investor in and will likely reap the most payoff, whereby TIV will give them $32 million plus 5% interest on 100% of production revenue from TIV's "Crown Jewel". So personally, I don't see any of that as "encouraging". To me, encouraging would mean the company finally secured real partner for their Shorty Creek money sink "gold" property, or actually got the production up at Claughlin to what the CEO touted he was going to do during June of 2010, which is ONLY 100 BOPD. Of course right now its doing about 12 BOPD and is dropping monthly. The only oil production going towards the benefit of the common shareholder is the 12 BOPD since all of TIV's 25% share of the "crown jewel" is going to the private investment group until such time they are paid $32 millon, plus 5% interest. Very pathetic after many 10's of millions sunk into Claughlin with 8 new wells drilled last April, and they are only 1,000' holes. How tough is it?
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