But I must say, I don't think this was a scam, not at all. Well, let me qualify that, the well is real. No telling what kind of dilution they would/will put on the shareholders. These guys, regardless of reputation, wanted that well on line as much as us, probably more.
Now as far down as we've gone, they would likely do anything necessary to get cash flow coming in. If they do, I would guess it won't be soon.
If the price of NG ever comes back up (and it will eventually), I just hope MNLU still owns the well and that I hold some shares at the time, 'cause it'll be a good one. If they get close, say in a year or two, it's not beneath them to pump it. That's how I first learned of MNLU, by reading their ads...now I know more about P&D recognition and that's one of the classic red flags, but the well itself is legit IMO.
So Pump and dump, yes but they weren't smart about it, IMHO. Some of them are trying...some are crooks.
Dee